Baltimore City Employees' Retirement System committed $30 million to Stellex Capital Partners II, a private equity fund managed by Stellex Capital Management, recently released board meeting minutes show.
The $1.6 billion pension fund's board approved the commitment at its March 19 meeting, according to the minutes. Stellex Capital Management invests in North American and European middle-market companies.
As of March 31, the actual allocation to private equity was 9%; the target is 13%.
Investment consultant Marquette Associates assisted.
David Randall, executive director, could not be immediately reached for further information.
