Lancaster County (Pa.) Employees' Retirement System made two new private equity commitments totaling $16 million.
The $392 million pension fund's board approved commitments of $8 million each to Partners Group Private Equity II, an open-end private equity fund of funds, and Siguler Guff Small Buyout Opportunities Fund V, a private equity fund of funds managed by Siguler Guff & Co., at its Feb. 11 meeting, recently released meeting minutes show.
The minutes also show the pension fund has a newly created target allocation of 5% to private equity but do not disclose which asset class target was reduced as a result.
Investment consultant Marquette Associates assisted.
Lisa Colon, county controller, did not respond to requests for further information.
