Baltimore City Employees' Retirement System committed $30 million to Avance Investment Partners.
The $2 billion pension fund's board approved the commitment to the buyout fund managed by Avance Investment Management at its May 20 meeting, spokeswoman Aja Dorsey Jackson said in an email.
As of March 31, the actual allocation to private equity was 10.3%; the target is 13%.
Investment consultant Marquette Associates assisted.
