Institution: Arizona Public Safety Personnel Retirement System
Headquarters: Phoenix, US
AUM: $17.4 billion
Allocation to alternatives: 32.54%
Arizona Public Safety Personnel Retirement System approved a $50 million commitment to Tritium III at its March 2022 board of trustees meeting, a contact at the pension confirmed to Private Equity International.
Tritium Partners launched its third private equity vehicle in September 2021, which has a current fund size of $650 million. The firm is raising its third buyout fund to invest in North America.
Arizona PSPRS currently allocates $2.17 billion to private equity investments, comprising 12.46 percent of its total investment portfolio. As illustrated below, the pension’s recent private equity commitments have focused on buyout and venture capital vehicles in the North America and Asia-Pacific regions.
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