Arizona Public Safety Personnel Retirement System, Phoenix, made up to $335 million in new direct and co-investment commitments, said Christian Palmer, spokesman.
The $8.3 billion pension fund committed up to $65 million directly and up to $30 million in co-investments to Mountain Capital Partners, a private equity fund managed by Mountain Capital Management. It is the pension fund’s first commitment to the manager.
The pension fund also committed up to $60 million directly and up to $30 million in co-investments to Actis Energy 4, an emerging markets energy infrastructure fund managed by Actis Capital. The pension fund previously committed up to $50 million to Actis Energy 3 in March 2013.
Also, the pension fund committed up to $50 million directly and up to $40 million in co-investments to Bluescape Energy Recapitalization & Restructuring Fund III, a natural resources fund. This is the pension fund’s first commitment to a Bluescape Energy Partners fund.
The pension fund also committed up to $30 million directly and up to $30 million in co-investments to Trident VII, a buyout fund managed by Stone Point Capital.
Separately, the pension fund made a follow-on commitment of up to $15 million to Catalyst European Property Fund II. The pension fund originally committed up to €30 million ($32.1 million) in direct investments and up to €20 million in co-investments to the Catalyst Capital-managed real estate fund in November 2014.