Baltimore City Fire & Police Employees' Retirement System made two new private equity commitments totaling $40 million.
The $3.3 billion pension fund's board at its May 18 meeting approved commitments of $20 million each to private equity fund of funds GCM Grosvenor Advance Fund and buyout fund Linden Capital Partners V, said Amy E. Baskerville, pension fund spokeswoman, in an email.
As of April 30, the pension fund's actual allocation to private equity was 9.9%; the target is 11%.
Investment consultant NEPC assisted.