Plymouth County (Mass.) Retirement Association approved four new private equity commitments of $13 million each to funds managed by Constitution Capital Partners, HarbourVest Partners, Ridgemont Equity Partners and Summit Partners.
The $1.4 billion pension fund's board approved the commitments at its July 27 meeting, recently released meeting minutes show.
The names of the funds to which the pension fund's board approved commitments were not disclosed in the minutes.
The pension fund issued an RFP in May, specifying its interest in direct North American small- and middle-market buyout private market equity funds.
As of July 31, the pension fund's actual allocation to private equity was 9.6%; the target is 13%.
Investment consultant Meketa Investment Group assisted.
Peter Manning, the pension fund's director of investments, and David Sullivan, executive director, could not be immediately reached for further information.