Cincinnati Retirement System invested $40 million each in private equity fund of funds run by Fort Washington Capital Partners Group and Piper Jaffray, confirmed John Walsh, investment officer at the $2.6 billion fund. The source of funding has not been determined. An invitation-only search was conducted in February. Marquette Associates assisted.
Separately, the retirement system agreed to hire The Clifton Group to handle a cash overlay of $30 million to $40 million that had been managed in-house.