Delaware Public Employees' Retirement System, Dover, committed $35 million to IDG Breyer Capital Fund, a venture capital fund managed by IDG Capital Partners and Breyer Capital, said David Craik, pension administrator.
The $10.4 billion pension fund previously committed up to $30 million to IDG China Venture Capital Fund V in 2017.
As of June 30, 2018, the actual allocation to alternative investments was 24.4%, according to the most recent available comprehensive annual financial report.
