Delaware Public Employees pension fund chooses Weston Presidio for venture capital

Delaware Public Employees' Retirement System, Dover, committed $4 million to Weston Presidio XI, a venture capital fund, according to minutes of the board's Jan. 18 meeting, released Friday.

Officials also said the $7.7 billion pension fund returned 11.1% for the 12 months ended Jan. 31, outperforming its custom benchmark of 10.9%. As of Jan. 31, the asset allocation was 32.9% domestic equities, 18.6% global equities, 25.2% fixed income, 18.4% alternatives and 4.9% cash.