Rhode Island Employees commits $20 million to private equity

Rhode Island State Investment Commission, Providence, committed $20 million to Nautic Partners VIII, a middle-market private equity fund.

The commitment is subject to contract negotiations, said David Ortiz, spokesman for state Treasurer Seth Magaziner, who oversees the commission.

The investment commission manages the assets of the $8.3 billion Rhode Island Employees' Retirement System, Providence.

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