Arizona PSRS discloses $65m commitment

The US public pension has backed a buyout fund.

Arizona Public Safety Retirement System has disclosed a potential investment of up to $45 million for direct investment and up to $20 million for a co-investment with TowerBrook Capital Partners, in the TowerBrook Investors V Fund.

The $10 billion US public pension has a 12 percent target allocation to private equity that currently stands at 13.9 percent.

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