Arlington County (Va.) Employees' Retirement System committed $25 million to BVIP Fund XI.
The $3.1 billion pension fund's board approved the commitment to the middle-market buyout fund managed by BV Investment Partners at its June 2 meeting, said Susie Ardeshir, executive director and chief investment officer, in an email.
The pension fund previously committed $15 million to BVIP Fund X in 2020.
As of March 31, the pension fund's actual allocation to alternatives was 6.7%.
