Fairfax County Educational Employees' Supplementary Retirement System, Springfield, Va., made a commitment to BVF V Journey Co-Investment.
The $3.4 billion pension fund's private markets consultant, Meketa Investment Group, disclosed the commitment to the biotechnology-focused private equity co-investment fund managed by BVF Partners at its Sept. 30 meeting, recently released meeting minutes show.
The minutes did not provide a commitment amount.
As of June 30, 2021, the pension fund's actual allocation to private equity was 7%, equal to its target, according to the pension fund's most recently available annual comprehensive financial report.
Eli Martinez, executive director and chief investment officer, could not be immediately reached for further information.