Fairfax County Educational Employees' Supplementary Retirement System, Springfield, Va., made two new private equity commitments totaling $14 million.
The $3.2 billion pension fund's alternatives consultant, Meketa Investment Group, disclosed the commitments at the pension fund's remote board meeting June 25, a video of the meeting shows.
The pension fund committed $7.5 million to venture capital fund Flagship Pioneering Origination Fund VII, and $6.5 million to TA XIV, a growth equity fund managed by TA Associates.
As of May 31, the pension fund's actual allocation to private equity was 6.2%; the target is 7%.
