PMT approves €75m commitment

The Dutch public pension has backed a technology, Dutch-focused fund.

Institutions: Pensioenfonds Metaal en Techniek (PMT)
Headquarters: The Hague, Netherlands
AUM: €70.00bn
Allocation to alternatives: 13.97%

The Dutch public pension fund Pensioenfonds Metaal en Techniek (PMT) has agreed to commit €75 million to Innovation Industries Fund II according to a press release from its joint investment partners Pensioenfonds van de Metalektro (PME). The fund is Dutch-focused with a venture capital strategy angled towards technology investments.

PMT has an allocation to private equity which currently stands at 5.0 percent.

As illustrated in the charts below, the pension fund tends to invest in private equity funds focused on Western Europe.

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