Fairfax County Educational Employees' Supplementary Retirement System, Springfield, Va., disclosed five new commitments totaling $23 million at a recent board meeting.
The $3.1 billion pension fund's private markets consultant, Meketa Investment Group, disclosed the commitments in a presentation included with Dec. 15 board meeting materials.
According to the presentation, the pension fund committed $9 million to SIH Debt Opportunities Fund III, a commercial real estate debt fund managed by Sabal Investment Holdings; $5 million to FS Equity Partners IX, a middle-market buyout fund managed by Freeman Spogli & Co.; and $3 million each to value-added infrastructure fund BlackRock Global Renewable Power Infrastructure Fund IV, early stage life sciences venture capital fund Flagship Pioneering Origination Fund VIII and digital infrastructure fund Peppertree Capital Fund X.
As of Dec. 31, the pension fund's actual allocations to private equity, real estate and infrastructure were 10.4%, 8.8% and 1.9%, respectively; their respective long-term targets are 7%, 7% and 3%.
