St. Louis Public School Retirement System's investment committee recommended committing $15 million to Fort Washington Private Equity Investors IX, said recently released investment committee minutes.
The $838 million pension fund's investment committee recommendation to commit to the private equity fund of funds managed by Fort Washington Capital Partners was the result of a shortlist search for a private equity fund-of-funds manager. Adams Street Partners and HarbourVest Partners were the HarbourVest Partners HarbourVest Partners were the other finalists.
The board of trustees will vote on the recommendation at its Oct. 17 meeting. Investment consultant NEPC is assisting.
Andrew Clark, executive director, did not return a phone call by press time.