Bristol (Conn.) City Retirement Board committed $35 million to Arsenal Growth Equity IV.
The board approved the commitment to the growth equity fund at its March 10 meeting, recently released meeting minutes show.
The board previously committed $15 million to Arsenal Growth Equity III in 2019.
Investment consultant Beirne Wealth Consulting assisted.
The retirement board oversees a total of $785 million in assets for the City Retirement System, Fire Retirement System and Police Retirement System.
Diane M. Waldron, city comptroller and board secretary, could not be immediately reached for further information.
