West Palm Beach (Fla.) Police Pension Fund committed $12 million to PEG Global Private Equity X.
The $480 million pension fund's board approved the commitment to the private equity fund of funds managed by J.P. Morgan Asset Management at its Sept. 10 meeting, said John McCann, senior consultant at AndCo Consulting, the pension fund's investment consultant.
The pension fund previously committed $12 million to PEG Global Private Equity IX in 2020.
As of June 30, the pension fund's actual allocation to private equity was 6.8%.
AndCo Consulting assisted.
