Cincinnati Retirement System committed $20 million to PEG Global Private Equity IX.
The $2.2 billion pension fund's board approved the commitment to the private equity fund of funds managed by J.P. Morgan Asset Management at its Nov. 7 meeting, said Paula Tilsley, executive director, in an email.
The pension fund previously committed $40 million to PEG Global Private Equity VIII in 2018.
As of Sept. 30, the pension fund's actual allocation to private equity was 8.5%; the target is 10%.
Investment consultant Marquette Associates assisted.
