Tacoma (Wash.) Employees' Retirement System committed $50 million to Pantheon Global Infrastructure Fund IV.
The $2 billion pension fund's board approved the commitment to the infrastructure fund of funds managed by Pantheon Ventures at its meeting June 10, said Timothy Allen, retirement director and chief investment officer, in an email.
The pension fund previously committed $40 million to Pantheon Global Infrastructure Fund III in 2017 and $30 million to Pantheon Global Infrastructure Fund II in 2014.
As of March 31, the pension fund's actual allocation to private infrastructure was 2.6%.
