Searches and Hires

Cincinnati Retirement System commits $80 million to private equity

Cincinnati Retirement System committed $40 million each to Fort Washington Private Equity Investors X, a fund of funds managed by Fort Washington Investment Advisors, and PEG Global Private Equity Fund VIII, a fund of funds managed by J.P. Morgan Asset Management (JPM), said Paula Tilsley, executive director, in an email.

The $2.3 billion pension fund has previously committed to five prior Fort Washington private equity funds of funds and is currently invested in real estate and infrastructure funds managed by J.P. Morgan Asset Management.

As of June 30, the private equity allocation was 7.8%.

Investment consultant Marquette Associates assisted.