Tacoma (Wash.) Employees’ Retirement System hired Pantheon Ventures to run a $170 million private equity separate account, Tim Allen, chief investment officer, said in an e-mail.
The $1.5 billion pension fund hired Pantheon to run a “discretionary private equity separate account not to exceed $170 million to be invested over a four- to six-year period,” Mr. Allen said. He said the nature of the assignment is still under discussion.
The pension fund previously committed up to $30 million to Pantheon’s Global Infrastructure Fund II in May 2014.
