Fort Lauderdale (Fla.) General Employees' Retirement System made three new commitments to secondary private equity funds totaling $15 million.
The $831 million pension fund's board approved commitments of $5 million each to Capital Dynamics Global Secondaries VI, Hamilton Lane Secondary Fund VI and Dover Street XI, managed by HarbourVest Partners, at its April 14 meeting, recently released meeting minutes show.
The pension fund previously committed $5 million each to Capital Dynamics Global Secondaries V, Hamilton Lane Secondary Fund V and Dover Street X in 2020.
As of Dec. 31, the pension fund's actual allocation to private equity was 5.7%.
Investment consultant Dahab Associates assisted.
Nicholas Schiess, pension administrator, could not be immediately reached for further information.
