District of Columbia Retirement Board, Washington, agreed to commit up to $65 million to alternatives.
The $7.75 billion pension fund committed $30 million to Bernhard Capital Partners II, a private equity buyout fund managed by Bernhard Capital Partners Management that focuses on midmarket service companies, according to recently posted minutes of the November board meeting,
Another $35 million was committed to Tiger Infrastructure II, managed by Tiger Infrastructure Partners.
Separately, the board is searching for a chief investment officer. The position became vacant when Sheila Morgan-Johnson was appointed executive director in November. The job posting is available on the DCRB website.