Institution: Arizona Public Safety Personnel Retirement System
Headquarters: Phoenix, United States
Allocation to alternatives: 48.02%
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.
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