Fairfax County Educational Employees' Supplementary Retirement System, Springfield, Va., disclosed three new commitments totaling $61 million.
The $3 billion pension fund's alternatives consultant, Meketa Investment Group, disclosed the commitments at the pension fund's remote board meeting on Jan. 22, a video of the meeting shows.
The pension fund committed $43 million to Carlyle Property Investors, an open-end core-plus real estate fund managed by Carlyle Group; $15 million to J.P. Morgan Infrastructure Investments Fund, an open-end infrastructure fund managed by J.P. Morgan Asset Management; and $3 million to Grain Communications Opportunity Fund III, a communications infrastructure fund managed by Grain Management.
As of Dec. 31, the actual allocation to private equity was 5.5%; the target is 6%. As of that date, there were no infrastructure investments yet. The pension fund created a 4% target to that asset class in September.