District of Columbia Retirement Board hired Pantheon as private equity adviser. The firm will set up a discretionary private equity fund of funds for the $2.6 billion system, which will invest $300 million over four years, said Sheila Morgan-Johnson, CIO. Pantheon will replace Hamilton Lane, the pension fund's non-discretionary private equity adviser; system officials wanted to move into discretionary allocations, she said.
Separately, the system might begin discussions in the fall on how to invest its new real estate allocation of 5%, she said.
