District of Columbia Retirement Board made two new commitments totaling up to $80 million, recently released board meeting minutes show.
The $8.5 billion pension fund's board approved commitments of up to $40 million each to value-added real estate fund Rockwood Capital Real Estate Partners Fund XI and growth equity fund Updata Partners VI at its Sept. 19 meeting, minutes show.
The pension fund previously committed up to $25 million to Rockwood Capital Real Estate Partners Fund X in 2015. The commitment to Updata Partners is the first for the pension fund to the manager.
As of June 30, the actual allocations to private equity and real estate were 5% each; their respective targets are 9% and 6%.
Sheila Morgan-Johnson, executive director, could not be immediately reached to provide further information.