Aurora (Colo.) General Employees’ Retirement Plan committed $15 million total to two private equity funds of funds, said Thomas Connell, pension plan administrator.
The $400 million pension fund committed $10 million to HarbourVest Partners X and $5 million to Abbott Capital Management’s Annual Program 2016.
The pension fund has committed to previous HarbourVest Partners and Abbott Capital Management funds.
The commitments will help the pension fund maintain its 10% private equity target.
Investment consultant Callan Associates assisted.