Dallas-Fort Worth International Airport Board approved four new alternative commitments totaling $39 million for its $928 million pension fund.
The airport's board at its March 3 meeting approved its retirement/investment committee recommendations to commit €10 million ($11 million) to European buyout fund Nordic Capital XI; $10 million each to Deerpath Capital VI, a lower middle-market, senior direct lending fund managed by Deerpath Capital Management, and buyout fund Veritas Capital Fund VIII; and $8 million to Machine Real Estate Fund I, a real estate fund managed by Machine Investment Group, recently released meeting minutes show.
As of Dec. 31, the actual allocations to private equity and real estate were 12% and 9.1%, respectively.
Investment consultant AndCo Consulting assisted.
Mario Quintanilla, chairman of the retirement/investment committee, could not be immediately reached for further information.
