Rhode Island State Investment Commission, Providence, approved a commitment of up to $30 million to Shamrock Capital Growth Fund V for the $9.5 billion Rhode Island Employees' Retirement System.
The commission approved the commitment to the buyout fund managed by Shamrock Capital Advisors at its Feb. 24, confirmed Rosie Hilmer, spokeswoman for state Treasurer Seth Magaziner, who oversees the commission.
The commission previously committed $20 million to Shamrock Capital Content Fund II and $10 million to Shamrock Capital Content Fund II Co-Investment 1-A.
As of Jan. 31, the pension fund's actual allocation to private equity was 8.6%.
