District of Columbia Retirement Board committed $100 million to Grain Communications Opportunity Fund IV.
The board disclosed the commitment to the communications infrastructure fund managed by Grain Management in minutes for its Sept. 21 meeting.
There is no record of a prior commitment to the manager.
As of June 30, the actual allocation to infrastructure was 4%; the target is 6%.
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 $10.8 billion in assets.