Searches and Hires

Delaware Public Employees commits $105 million to private equity

Delaware Public Employees' Retirement System, Dover, made new private equity commitments totaling up to $105 million, recently released board meeting minutes show.

The $10.4 billion pension fund committed a total of up to $75 million to venture capital funds Accel XIV, Accel Growth Fund V and Accel Leaders Fund II; and up to $30 million to Summit Partners Growth Equity Fund X.

As of June 30, the actual allocation to alternative investments was 24.4%, according to the most recent available comprehensive annual financial report.

David Craik, pension administrator, could not be immediately reached to provide further information.