District of Columbia Retirement Board committed up to $50 million to TCV XI.
The $8.5 billion pension fund's board approved the commitment to the technology-focused private equity fund managed by Technology Crossover Ventures at its July 23 meeting, recently released meeting minutes show.
The pension fund had committed up to $35 million to TCV X in 2018.
As of June 30, the actual allocation to private equity was 5.3%.
Sheila Morgan-Johnson, executive director, could not be immediately reached for further information.