District of Columbia Retirement Board picked Abbott Capital and Pantheon Ventures as finalists in the $2.4 billion system's search for its first discretionary private equity manager. A selection is possible at its Jan. 15 meeting. The system has a 10% allocation to private equity but has not decided how much would be allocated to the new discretionary manager. Funding will come from cash, said Sheila Morgan-Johnson, CIO. Watson Wyatt is assisting.