Chicago Public School Teachers' Pension and Retirement Fund committed $10 million to Farol Fund III.
The $11.9 billion pension fund's board approved the commitment to the buyout fund managed by Farol Asset Management at its Dec. 14 meeting, a Dec. 15 news release said.
The pension fund previously committed $12.5 million to Farol Fund II in 2018.
As of June 30, the actual allocation to private equity was 8.4%; the target is 5%.
