Chattanooga (Tenn.) General Pension Fund committed $2.5 million with Diversified Trust and $1.5 million with Montagu Newhall Associates, both private equity funds of funds, city CFO Daisy Madison said in an e-mail. The plan currently has only 2.2% of assets dedicated to private equity, but has a target allocation of 5%, she said. Consulting Services Group assisted the $248 million fund.
2 commitments from Chattanooga
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