Arlington County (Va.) Employees Retirement System approved three new commitments totaling $60 million.
The $3.1 billion pension fund's board at its Sept. 1 meeting approved commitments of $25 million to JFL Equity Investors VI, a middle-market buyout fund managed by J.F. Lehman & Co., $20 million to Franklin Park Co-Investment Fund V and $15 million to Franklin Park Venture Capital Fund XIV, a venture capital fund of funds, both managed by Franklin Park Associates, said Susie Ardeshir, executive director and chief investment officer, in an email.
ACERS previously committed $30 million to JFL Equity Investors V in 2019, and the pension fund previously made commitments to Franklin Park's venture series in 2015 and 2017.
As of March 31, the pension fund's actual allocation to private investments was 7.9%.
