Arizona Public Safety Personnel Retirement System, Phoenix, committed $60 million directly and $30 million for co-investments to Charlesbank Equity Fund IX, a middle-market buyout fund managed by Charlesbank Capital Partners, said Christian Palmer, pension fund spokesman, in an email.
The $9.3 billion pension fund previously committed up to $30 million to Charlesbank Equity Fund VIII in 2014.
As of June 30, the pension fund's actual allocation to private equity was 13.9%.
