London Borough of Barnet is set to invest £55m with the Adams Street 2019 Global Fund.
The council has updated its portfolio of investments that also includes a commitment of $32m (approximately £25m) that has been made to the CBRE Global Alpha fund as part of the proposal to invest 10% of its investments in property.
Half of the CBRE commitment ($16m) was invested on 28 June. The remainder is expected to be called during Q3, 2019.
A report to councillors said: “The committed funds will be drawn down over a period of approximately five years as investment opportunities arise.”
