PERSI approves $50m commitment

The US public pension has backed a North America focused fund.

Institution: Public Employee Retirement System of Idaho
Headquarters: Boise, United States
AUM: $19.93bn
Allocation to alternatives: 14.90%
Bitesize: $10-$50m

Public Employee Retirement System of Idaho announced a commitment of $50 million to Sorenson Capital Partners IV in their last board meeting of 2019.

The $19.93 billion US public pension has an 8.00 percent target allocation to private equity that currently stands at 5.80 percent.

As illustrated in the chart below, PERSI made a total of $100 million in commitments to private equity vehicles in 2019.

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