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Idaho Public Employees commits $50 million to Silver Lake fund

Idaho Public Employees’ Retirement System, Boise, committed $50 million to buyout fund Silver Lake Partners V, said Robert Maynard, chief investment officer, in an email.

It is the $15.7 billion pension fund’s first commitment to a fund managed by Silver Lake.

The pension fund’s current private equity allocation is 6.3%. The benchmark for private equity is 6%.