Name: District of Columbia Retirement Board
Headquarters: Washington, DC, US
AUM: $10.14 billion
Allocation to alternatives: 27%
District of Columbia Retirement Board has recently approved an infrastructure commitment, according to materials from its February 2023 board meeting.
The Washington, DC-based pension system committed $75 million to JLC Infrastructure Fund II, which is managed by JLC Infrastructure. The 2022 vintage fund follows an opportunistic strategy and invests into energy, renewables, transport and utilities sectors.
The public pension allocates 4 percent of its total portfolio towards infrastructure funds, with a target allocation of 6 percent. DCRB’s private markets portfolio is managed by Meketa, a Boston-based investment consultant.
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