District of Columbia Retirement Board approved two new commitments totaling up to $250 million.
The $10.1 billion pension fund's board at its March 18 meeting approved a commitment of up to $200 million to IFM Global Infrastructure Fund, an open-end infrastructure fund managed by IFM Investors, and up to $50 million to Avance Investment Partners, a buyout fund managed by Avance Investment Management, recently released meeting minutes show.
As of Dec. 31, the actual allocation to private equity and infrastructure were 6% and 0.6%, respectively.
Karen Hsu, acting executive director, could not be immediately reached for further information.
