Bayerische Versorgungskammer, Munich, made an undisclosed allocation to a European buyout strategy managed by Access Capital Partners, a spokeswoman confirmed.
The €82 billion ($97.1 billion) pension fund has made three previous investments with the firm, which has €11 billion in assets under management. The previous investments, the values of which were also not disclosed, were made in 2007, 2014 and 2017.
The new allocation will consist of primary commitments and secondary investments in smaller European buyout funds.
Access Capital Partners "provides us with continuous access to attractive investment opportunities in the less visible parts of the European private equity market, where alignment of interest is the strongest between investors and the smaller businesses they help to grow," said Hendrik Kott, head of equity and alternative investments at BVK, in a news release.