Fairfax County Educational Employees assigns $12.5 million to alts
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Fairfax County Educational Employees Supplementary Retirement System, Springfield, Va., made two new private equity commitments totaling $12.5 million.
The $3 billion pension fund s alternatives consultant, Meketa Investment Group, disclosed the commitments at the pension fund s remote board meeting Feb. 26, a video of the meeting shows.
The pension fund committed $7.5 million to Charlesbank Equity Fund X, a middle-market buyout fund managed by
Charlesbank Capital Partners; and $5 million to growth equity fund
JMI Equity Fund X.
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Charlesbank Closes 10th Flagship Fund at $3.75B
Charlesbank Capital Partners has completed fundraising for its latest flagship private equity fund,
Charlesbank Equity Fund X LP, reaching the hard cap of $3.75 billion less than six months after launch. Concurrently, the firm closed on an $800 million companion vehicle,
Charlesbank Equity Fund X Overage Fund, which will enable Fund X to include investments requiring larger amounts of capital. Charlesbank’s previous flagship fund,
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“While the market landscape is dynamic and ever-changing, we believe the ingredients for generating strong returns remain largely the same: rigorous discipline rooted in fundamentals, a consistent team united by a deeply ingrained culture of collaboration, and an agile and forward-thinking model driven by deep pattern recognition in our target sectors,” said