District of Columbia Retirement Board approved two new commitments totaling up to $175 million.
The $10.1 billion pension fund's board at its Feb. 4 meeting approved commitments of up to $100 million to Blackstone Property Partners, an open-end real estate fund managed by Blackstone Group, and up to $75 million to Centerbridge Capital Partners IV, a distressed debt fund managed by Centerbridge Partners, recently released meeting minutes show.
As of Dec. 31, the actual allocations to private equity and real estate were 6% and 5.9%, respectively.
Sheila Morgan-Johnson, executive director, did not reply to requests for further information.
