Cincinnati Retirement System committed $40 million to PEG Global Private Equity X.
The $2.4 billion pension fund's board approved the commitment to the private equity fund of funds managed by J.P. Morgan Asset Management at its May 6 meeting, Paula Tilsley, executive director, said in an email.
The pension fund previously committed $20 million to PEG Global Private Equity IX in 2019.
As of March 31, the actual allocation to private equity was 7.8%; the target is 10%.
Investment consultant Marquette Associates assisted.