Institution: District of Columbia Retirement Board
Headquarters: Washington DC, United States
AUM: $8.52bn
Allocation to alternatives: 13.0%
Bitesize: $10-50m
District of Columbia Retirement Board slashed its allocation to infrastructure in half between Q2 and Q3 2019, according to the pension’s Q3 investment report.
DCRB decreased its infrastructure allocation from 2.0 to 1.0 percent of its total investment portfolio, despite having a long-term target allocation of 3.0 percent.
As illustrated below, DCRB’s last commitment to an infrastructure fund was $35 million to Tiger Infrastructure Partners Fund II in December 2017. The pension has made six commitments to infrastructure funds with vintage years between 2014 and 2017, which combined constitute $140 million. Five of these six commitments have been to funds targeting energy investments.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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