District of Columbia Retirement Board, Washington, approved searches for international developed markets equity and bank loans managers at its meeting Thursday.
The $5.8 billion pension fund has a 20% allocation to international developed markets equity and 2% to bank loans.
No further details about the searches were available.
Separately, the board committed $25 million to Kelso Investment Associates IX, a buyout fund managed by Kelso & Co. that focuses on middle-market companies. It also increased its allocation to private equity fund CVC Capital Partners VI to €20 million ($27 million) from €15 million.
Other current allocations are 23% U.S. equities, 13% domestic fixed income, 10% emerging markets equities, 7% private equity, 6% real assets, 5% each absolute return and Treasury inflation-protected securities, 4% emerging markets fixed income, 2% each corporate bonds and non-U.S. fixed income, and 1% cash.