DPERS approves up to $105m in commitments

The US public pension has backed four private equity funds.

Institution: Delaware Public Employees’ Retirement System
Headquarters: Dover, United States
Total AUM: $10.10bn
Allocation to Alternatives: 24.4%
Bitesize: $50-100m

Delaware Public Employees’ Retirement System (DPERS) has agreed to commit up to $105 million to four private equity funds, according to recently released board minutes.

The commitments comprise of up to $30 million to Summit Growth Equity Fund X, and up to $75 million among Accel XIV, Accel Growth Fund V, and Accel Leaders Fund II, pending legal review.

The $10.10 billion public pension currently allocates 24.4% of its funds to alternatives.

As illustrated in the charts below, DPERS has a 12.7% allocation to private equity and has made 4 commitments to Private Equity funds with the vintage years 2017 and 2018, which combined constitute $170 million.

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