Dallas-Fort Worth International Airport Board Retirement Trust committed a total of up to $20 million to two alternatives funds and made an additional commitment of up to $5 million to an infrastructure fund, documents from the $811 million pension fund show.
At its Sept. 2 meeting, the board agreed to commit up $10 million each to OpenGate Partners III, a global lower-middle-market buyout fund managed by OpenGate Capital; and TerraCap Partners V, a value-add real estate fund run by TerraCap Management.
The board also agreed to commit an additional $5 million to IFM Global Infrastructure Fund, an open-end fund managed by IFM Investors.
Investment consultant AndCo Consulting assisted.
Representatives from the trust could not be immediately reached for additional information.
