Fairfax County Educational Employees' Supplementary Retirement System, Springfield, Va., made two new private equity commitments totaling $12.5 million.
The $3 billion pension fund's alternatives consultant, Meketa Investment Group, disclosed the commitments at the pension fund's remote board meeting Feb. 26, a video of the meeting shows.
The pension fund committed $7.5 million to Charlesbank Equity Fund X, a middle-market buyout fund managed by Charlesbank Capital Partners; and $5 million to growth equity fund JMI Equity Fund X.
As of Dec. 31, the actual allocation to private equity was 5.5%; the target is 6%.
