Arizona Public Safety Personnel Retirement System, Phoenix, disclosed two new commitments totaling $125 million.
The $17.8 billion pension fund committed $75 million to PA MAC Fund, a private equity fund managed by Portfolio Advisors; and $50 million to Mountain Capital Partners II, a buyout fund managed by Mountain Capital Management, spokesman Christian Palmer said in an email.
The commitments were completed Nov. 9 and Oct. 27, respectively, Mr. Palmer said.
PSPRS previously committed $75 million to Portfolio Advisors GP Solutions Fund in 2021 and $65 million directly and up to $30 million in co-investments to Mountain Capital Partners in 2016.
As of Sept. 30, the pension fund's actual allocation to global private equity was 23.8%; the target is 27%.
