Arizona PSPRS approves $150m in commitments

The US public pension has backed two global buyout funds.

Institution: Arizona Public Safety Personnel Retirement System
Headquarters: Phoenix, United States
AUM: $10.30bn
Allocation to alternatives: 48.02%
Bitesize: $10-50m

Arizona Public Safety Personnel Retirement System has committed $100 million to Trident VIII (managed by Stone Point Capital) and $50 million to Baring Asia Private Equity Fund VII, according to a contact at the pension. Trident VIII will invest globally within the financial services industry, while Baring Asia Private Equity Fund VII will invest in companies across the Asia-Pacific region within the financial services, consumer goods, energy, industrial and technology sectors.

The $10.30 billion US public pension has a 14% target allocation to private equity that currently stands at 13.86%.

As illustrated in the charts below, Arizona PSPRS allocates 48.02% to alternative assets. The pension has a strong appetite for diversified buyout funds, particularly those which invest across North America within the financial services sector.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.