Arizona Public Safety Personnel Retirement System, Phoenix, made new commitments and co-investments totaling up to $233 million, said Mark Steed, chief of staff and lead portfolio manager, in an e-mail.
The $8.3 billion pension fund committed up to $80 million to PineBridge Structured Capital Partners III, a private equity fund managed by PineBridge Investments. It is the pension fund's first commitment to the manager.
Also, the pension fund committed €35 million ($40 million) and €20 million in co-investments to Benson Elliot Real Estate Partners IV, a real estate fund managed by Benson Elliot Capital Management. It is also a first-time commitment to the manager.
The pension fund also committed $40 million directly and $20 million in co-investments to Walton Street Real Estate Fund VIII, managed by Walton Street Capital. The pension fund previously committed up to $30 million and another $20 million co-investment to Walton Street Real Estate Fund VII in February 2014.
Also, the pension fund committed up to $25 million directly and $5 million in co-investments to Tritium I, a buyout fund managed by Tritium Partners, the pension fund's first commitment to the manager.