Maryland-National Capital Park and Planning Commission Employees' Retirement System, Riverdale, Md., committed $45 million to Wilshire Private Markets Group Series III.
The $1.1 billion pension fund's board approved the private equity fund of funds at its June 1 meeting, recently released meeting minutes show.
The pension fund's target allocation to private equity is 7.5%.
Investment consultant Wilshire assisted. Also at the meeting, the board approved a waiver of certain prohibitions of its code of ethics and an annual review of any potential conflicts of interest between Wilshire Private Markets Group and Wilshire's consulting group.
Andrea L. Rose, administrator, could not be immediately reached for further information.
