DC coughs up $250m for private markets  

At its Jan. 20 meeting, the board of the approximately $11 billion District of Columbia Retirement Board (DCRB) approved commitments to private market funds to the tune of about $325 million.

Trustees also approved the system’s 2022 Private Markets Commitment Budget, which was proposed by consultant Meketa Investment Group.

According to meeting minutes, the board approved a commitment of up to $75 million to Turning Rock Fund II, a U.S. private debt fund, and a commitment of up to $75 million to Updata Partners VII, a U. S. growth equity fund.

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