DPERS approves $80 million in commitments

The US pension fund has backed two venture capital funds.

Institution: Delaware Public Employees’ Retirement System
Headquarters: Dover, United States
AUM: $11.0 billion
Allocation to Alternatives: 24.3%
Bitesize: $10-50m

Delaware Public Employees’ Retirement System has agreed to commit $80 million of private equity commitments, as confirmed during the institution’s board of pension trustees meeting in February 2020.

The pension fund has committed $30 million to IDG China Venture Capital Fund VI, managed by IDG Capital, and $50 million to Flagship Pioneering Fund VII, managed by Flagship Pioneering.

The $11.0 billion pension fund devotes 13.39 percent of its full investment portfolio to private equity and, as illustrated below has made several commitments to funds with a 2019 or 2020 vintage.

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