Bayerische Versorgungskammer, Munich, made a private equity commitment to European private money manager Access Capital Partners, said a spokesman for the pension fund.
The spokesman said the allocation is run in a fund-of-funds separate account vehicle only for BVK, and the precise name of the fund is confidential. He also declined to disclose the amount committed.
The €70 billion ($83.6 billion) fund has worked with Access since 2007 and has several programs with them. "They are one of our main private equity partners in Europe," said the spokesman in an email.
Access said in a news release this is the third time BVK has committed to its funds. The new allocation aims to build a portfolio of primary funds and opportunistic secondary investments in European smaller buyout funds managed by general partners.