- Name: Rhode Island State Treasury
- HQ: Providence, US
- AUM: $10.6 billion
- Allocation to alternatives: 25.9%
Rhode Island State Treasury committed $30 million to Paine Schwartz Food Chain Fund VI, according to their June 22 investment meeting. They also committed $15 million to a co-investment vehicle alongside the fund.
Rhode Island State Treasury administers and manages investments on behalf of the Employees’ Retirement System of Rhode Island.
Founded in 2006, Paine Schwartz Partners is a California-headquartered private equity firm that specializes in controlled investment in food and agribusiness sectors, globally.
Rhode Island State Treasury has a 14 percent allocation to private equity, which comprises $1.5 billion in capital. Rhode Island State Treasury currently has a target allocation of 12 percent.
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