District of Columbia Retirement Board disclosed commitments of $100 million each to Paine Schwartz Food Chain Fund VI, an agriculture private equity fund managed by Paine Schwartz Partners, and Silver Rock Offshore Tactical Allocation Fund-Vintage 2022, a private credit fund managed by Silver Rock Financial.
The board disclosed the commitments in minutes for its Nov. 17 meeting posted on its website.
As of Sept. 30, the board's actual allocations to natural resources and private debt were 2.2% and 1.3%, respectively; their respective targets are 2% and 3%.
The board oversees the investment management of the District of Columbia Police Officers and Firefighters' Retirement Plan and the District of Columbia Teachers' Retirement Plan, which have a combined $9.5 billion in assets.
Gianpiero "J.P." Balestrieri, the board's executive director, could not be immediately reached for further information.