Arizona Public Safety Personnel Retirement System, Phoenix, made new commitments totaling up to $150 million, said Mark Steed, chief of staff and lead portfolio manager, in an e-mail.
The $8.1 billion pension fund committed up to $90 million to StepStone AZ China and Asia Opportunity Fund, managed by StepStone Group, the pension fund’s private equity consultant. Mr. Steed did not provide further information on the fund.
Separately, the pension fund committed up to $40 million and co-investments of up to $20 million to Sterling Group Partners IV, a buyout fund managed by The Sterling Group.
