The Rhode Island statehouse is seen from the highway in Providence, Rhode Island November 17, 2009. Photo courtesy Reuters/Brian Snyder - RTXQV4L
Rhode Island underallocated to PE
Plan would roughly double allocation over five years
Portfolio includes exposure to Advent, Bain funds
Rhode Island State Investment Commission plans to commit around $265 million annually to private equity over each of the next five years, an investment plan prepared by its consultant, Cliffwater, shows. The $8.17 billion state pension plan has 5.8 percent ...