Consultant Franklin Park recommended the commitment to
Since establishing its private equity program in 1996, the $10 billion retirement system has made commitments to 19 primary funds and four funds of funds. Eight vehicles have been added since March 31, 2009. So far in 2009, $145 million has been committed to private equity. Earlier this year, the LP pledged a total of $40 million to
The LP has a target allocation to private equity of 10 percent, with a range of 7 percent to 13 percent. As of August 2008, the actual private equity allocation stood at 6.3 percent.