Baltimore City Employees' Retirement System committed $30 million to Reverence Capital Partners Opportunities Fund V.
The $2.2 billion pension fund's board approved the commitment to the buyout fund at its Nov. 18 meeting, spokeswoman Aja Jackson said in an email.
The pension fund previously committed $20 million to Reverence Capital Partners Opportunities Fund II in 2018.
As of Oct. 31, the pension fund's actual allocation to private equity was 11.8%; the target is 13%.
Investment consultant Marquette Associates assisted.