- Assets under management: $2.7 bln
- PE portfolio: $186 mln
- PE allocation/target: 6.94 pct, 10 pct target
- Contact: Amy Baskerville, firstname.lastname@example.org
Baltimore Fire & Police Employees’ Retirement System at its June meeting committed to Lexington Partners’ latest flagship.
The system pledged $15 million to Lexington Capital Partners Fund IX, targeting $12 billion. The pool focuses on secondary transactions in Europe and the U.S., Buyouts previously reported.
Baltimore F&P also interviewed HarbourVest Partners and Greenspring Associates, but ultimately chose to invest with Lexington Partners, which met “the needs of the F&P,” said Amy Baskerville, the system’s director of communications.
The board voted to interview two more private equity/secondaries managers for its PE and special situations portfolio for August. Details on the managers were not provided.
In March, the system committed up to $60 million to special situations and secondaries private equity managers.
Baltimore Fire & Police will make PE commitments of up to $80 million every year until 2022 and plans to increase commitments to $100 million for 2023 and 2024 and $125 million for 2025 to 2027, Buyouts reported last year.