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.
