Plymouth County (Mass.) Retirement Association committed a total of $15 million to three alternatives managers, confirmed William Farmer, executive director of the $660 million retirement system.
The retirement system committed $5 million each to DSF Group, a real estate manager investing in apartment buildings; Globespan Capital Partners for a venture capital fund that focuses on technology companies; and Euro Choice V, a European private equity fund of funds managed by Akina Partners.
The retirement system made early commitments of $5 million each to predecessor fund offerings from Globespan and Akina, Mr. Farmer said.
Investment consultant Wainwright Investment Counsel assisted.