District of Columbia Retirement Board approved two private equity commitments totaling $85 million, recently released board meeting minutes said.
The $8.1 billion pension fund committed up to $50 million to Palladium Equity Partners V, a buyout fund managed by Palladium Capital Management, and up to $35 million to TCV X, a private equity fund that focuses on technology firms, managed by Technology Crossover Ventures.
As of June 30, the pension fund's actual allocation to private equity was 4.2%.
Sheila Morgan-Johnson, executive director, was not available to provide further information.