District of Columbia Retirement Board disclosed two new commitments totaling $125 million.
The board disclosed commitments of $75 million to Altaris Health Partners VI, a buyout fund focusing on the health-care sector, primarily in North America; and $50 million to Clearhaven Fund II, middle-market technology-focused buyout fund managed by Clearhaven Partners, in recently released Nov. 16 meeting minutes.
DCRB previously committed $40 million to Clearhaven Fund I in 2021. There is no record of prior commitments to Altaris funds.
As of Sept. 30, the actual allocation to private equity was 11.9%; the target is 9%.
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 $10.5 billion in assets.