The Arizona Public Safety Personnel Retirement System, has made two new commitments to private equity investments with a combined value of $125 million, according to a report by Pensions & Investments Online.
The Arizona Public Safety Personnel Retirement System (PSPRS), has made two new commitments to private equity investments with a combined value of $125 million, according to a report by Pensions & Investments Online.
The report cites spokesman Christian Palmer, a spokesman for the $17.8 billion pension finds as revealing that PA MAC Fund, a private equity fund managed by Portfolio Advisors has received a $75 million commitment, while Mountain Capital Partners II, a buyout fund managed by Mountain Capital Management, has received $50 million.
The commitments were completed on 9 November, and 27 October, respectively.
PSPRS has a target private equity allocation of 27% with its actual allocation currently standing at 23.8%.
