District of Columbia Retirement Board approved commitments of up to $50 million to Advent Latin American Private Equity Fund VII, a buyout fund managed by Advent International, and up to $40 million to opportunistic real estate fund Wheelock Street Real Estate Fund VI.
The $8.5 billion pension fund previously committed $20 million to Advent Latin American Private Equity Fund VI and $25 million to Wheelock Street Real Estate Fund V.
The pension fund's board approved the commitments at its Oct. 17 meeting, recently released minutes show.
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.