Arizona Public Safety Personnel Retirement System, Phoenix, disclosed two new commitments to healthcare funds totaling $175 million.
The $19.8 billion pension fund committed $100 million to venture capital fund Vivo Capital Fund X and $75 million to Altaris Health Partners VI, a buyout fund managed by Altaris Capital Partners, said spokesman Christian Palmer.
The commitments closed between Oct. 27 and Nov. 4.
PSPRS has made prior commitments to Vivo Capital, including up to $40 million in direct investments and up to $20 million in co-investments to Vivo Capital Fund VIII in 2015. There is no record of prior commitments to Altaris Capital.
As of Sept. 30, the pension fund's actual allocation to global private equity was 23%; the target is 27%.
