Baton Rouge (La.) & Parish of East Baton Rouge Employees’ Retirement System committed $8 million to Fort Washington Private Equity Investors IX, a fund of funds, said Jeffrey R. Yates, retirement administrator.
The pension fund’s private equity target is 5%. The actual allocation was 2.2% as of June 30, and the pension fund is in the middle of a seven-year process of reaching its target. This is the only private equity commitment for the pension fund in 2017, Mr. Yates said.
Investment consultant Summit Strategies Group assisted.