Macomb County Employees' Retirement System, Mount Clemens, Mich., announced new private equity commitments totaling $70 million.
The $943 million pension fund is committing a total of $12 million annually for five years to private equity funds of funds managed by Franklin Park Associates and $10 million to Constitution Capital Partners, recently released board meeting minutes show.
The commitment to Constitution Capital Partners will be split evenly between a fund of funds and co-investment vehicles, the Oct. 3 minutes show. Names of the funds were not provided.
Stephanie Dobson, retirement administrator, was not available to provide further information.