Delaware Public Employees' Retirement System, Dover, made two new commitments totaling up to $80 million.
The $11 billion pension fund's board approved commitments of up to $50 million to Flagship Pioneering Origination Fund VII, a life sciences venture capital fund, and up to $30 million to IDG China Venture Capital Fund VI, a venture capital fund managed by IDG Capital, at its Feb. 28 meeting, recently released minutes showed.
The pension fund previously committed up to $30 million to IDG China Venture Capital Fund V in 2017.
As of June 30, the actual allocation to alternative investments was 22.4%.
Spokesman Robert Scoglietti could not be immediately reached for further information.