Arlington County (Va.) Employees' Retirement System committed $15 million to Post Road Special Opportunity Fund III.
The $2.8 billion pension fund's board approved the commitment to the opportunistic credit fund managed by Post Road Group at its Nov. 2 meeting, recently released meeting minutes show.
There is no record of prior commitments to the manager for the pension fund.
As of Dec. 31, the pension fund's actual allocation to private investments was 9%.
Investment consultant Windmark Investment Partners assisted.
