Investors

PERSI approves $50m commitment

The US public pension has backed a TMT-focused fund.

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Public Employee Retirement System of Idaho has committed $50 million to Silver Lake Partners V, subject to final legal negotiations.

The $15 billion US public pension has an 8 percent target allocation to private equity that currently stands at 6.4 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.