Institution: Arizona Public Safety Personnel Retirement System
Headquarters: Phoenix, United States
Allocation to alternatives: 56.07%
Arizona Public Safety Personnel Retirement System committed $20 million to UpFront Growth III, a North America-focused venture capital fund, and $10 million to Greenspring Opportunities VI, a diversified fund of funds. Both vehicles will be used to make investments in the technology sector.
The $10.93 billion US public pension has a 14 percent target allocation to private equity that currently stands at 12.88 percent.
As illustrated in the charts below, 56.07 percent of the pension’s full investment portfolio is devoted to alternative assets. Arizona PSPRS has a strong appetite for global private equity funds that target multiple sectors.
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