American Airlines Inc., Fort Worth, Texas, committed $50 million from its $6 billion defined benefit plan to Carlyle Partners III, Carlyle’s latest U.S. buyout fund, said William Quinn, president of AMR Investment Services. Funding will come from cash.
The plan also will make commitments of $40 million to $50 million each to Hicks Muse Tate & Furst V and Fremont Partners II, Mr. Quinn said. American recently raised its target private equity allocation to 10% of total assets from 6%. Funding will come from paring public equities.