Southfield (Mich.) Employee Retirement System committed $2 million to Sturbridge Diversified Private Equity III.
The $112 million pension fund's board approved the commitment to the secondary private equity fund at its July 19 meeting, said Megan Battersby, retirement program director, in an email.
It is the pension fund's first commitment to a Sturbridge Capital fund.
As of June 30, the pension fund's actual allocation to private equity was 2.1%.
Investment consultant AndCo Consulting assisted.
