Dallas-Fort Worth Airport lands $23 million in 3 alts funds
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Dallas-Fort Worth International Airport Board Retirement Trust committed a total of about $23 million to three alternatives funds and agreed to terminate one fixed-income manager, documents from the $811 million pension fund show.
At its March 2 meeting, the board agreed to commit €6.5 million ($8 million) to
BC Partners Fund XI, a European private equity fund. It also committed $7.5 million apiece to Tenex Capital Partners III, a private equity fund managed by
Tenex Capital Management; and Torchlight Debt Opportunity Fund VII, a real estate debt fund managed by
The board also agreed to terminate a $34 million core fixed-income strategy managed by Smith Graham & Co. Investment Advisors for performance issues. The plan's investment consultant AndCo Consulting recommended the action. A representative from Smith Graham did not immediately respond to a request for comment.