District of Columbia Retirement Board, Washington, will commit up to $30 million to TA XII, a buyout fund managed by TA Associates, and up to $30 million to AnaCap Credit Opportunities III, a distressed debt fund managed by AnaCap Financial Partners, said minutes of the May 21 board meeting for the $6.5 billion pension fund.
The commitments recommended by the investment committee were unanimously approved, subject to contract negotiations. The board also voted unanimously to extend the contracts of investment consultants Cliffwater and Meketa Investment Group until March 31, 2016. Meketa’s contract was originally scheduled to end this August. Information about Cliffwater’s original contract could not be learned by press time.
Spokeswoman Deborah Reaves could not be reached by press time for further details.