Arizona Public Safety Personnel Retirement System, Phoenix, disclosed three new commitments totaling $275 million.
The $20 billion pension fund's investment staff made commitments of $100 million each to buyout fund Cortec Group Fund VIII and EnCap Energy Capital Fund XII, a North American traditional energy fund managed by EnCap Investments; and $75 million to oil and gas fund Ridgewood Energy Oil & Gas Fund V between Aug. 23 and Sept. 13, spokesman Christian Palmer said.
All are existing managers for the pension fund. Prior commitments include $30 million to Cortec Group Fund V in 2011, $30 million to EnCap Energy Capital Fund IX in 2013 and $50 million to Ridgewood Energy Oil & Gas Fund III in 2015.
As of June 30, the actual allocations to global private equity and real assets were 22.4% and 3.6%, respectively.