New Castle County (Del.) Employees' Pension Program committed $7 million to Mesirow Financial Private Equity Fund VIII-B.
The $516 million pension fund's board approved the commitment to the co-investment fund focused on middle-market buyouts at its Nov. 17 meeting, said Francis Benevento, the county's pension and benefits administrator.
Further information on the pension fund's private equity allocation was not available.
Investment consultant NEPC assisted.
