Baltimore ERS Allocates $40M To PE Managers

The $1.3 billionBaltimore City Employees' Retirement Systemis allocating $40 million to three private equity managers,养老金和投资reports. The $1.3 billion system will allocate $20 million toAdams Street Partnersand $10 million toSummit Partnersfor a mezzanine debt fund. It has also committed $16 million toRCP Advisorsfor its private equity fund of funds and $4 million for theRCPDirect Feeder Fund.

Additionally,Prisma Capital Partners,Corbin Capital PartnersandEvanston Capitalwere selected finalists in the system’s hunt for a hedge fund manager to run $25 million. The portfolio's previous manager,Attalus Capital, was removed because of performance issues andWestern Asset Managementwas also terminated from a $60 million core-plus fixed-income portfolio.

Click here for the story from养老金和投资.