Rhode Island commits $25 million to buyout fund Rhode Island commits $25 million to buyout fund TCG Crossover Fund I for the $9.5 billion Rhode Island Employees’ Retirement System. The commission approved the commitment to the life sciences private equity fund at its March 24 meeting, said Rosie Hilmer, spokeswoman for state Treasurer Seth Magaziner, who oversees the commission. As of Jan. 31, the pension fund’s actual allocation to private equity was 8.6%. Related Articles