Arizona Public Safety Personnel Retirement System, Phoenix, committed up to $25 million, and an additional $15 million co-investment, to middle-market buyout fund Littlejohn Fund V, managed by Littlejohn & Co., said James Hacking, administrator of the pension fund.
The $7.9 billion pension fund previously committed up to $40 million to Littlejohn Fund IV in March 2010.
Separately, the pension fund approved committing $30 million in potential co-investments in various real estate funds managed by Lubert-Adler. It has committed to multiple funds, most previously up to $40 million and another $30 million co-investment to Lubert-Adler Real Estate Fund VII in February.
