Bristol County Retirement System, Taunton, Mass., approved two new commitments totaling up to $40 million to private equity secondary funds of funds.
The $835 million pension fund's board approved commitments of $20 million each to GCM Grosvenor Secondary Opportunities Fund III and Pomona Capital X at its June 23 meeting, Executive Director Roxanne L. Donovan said in an email.
The pension fund issued an RFP in March to comply with state law, she said at the time.
The pension fund's target allocation to private equity is 12%.
Investment consultant Segal Marco Advisors assisted.