Delaware Public Employees’ Retirement System, Dover, committed a total of up to $70 million to private equity funds managed by Accel.
The $13.6 billion pension fund’s investment committee approved commitments of up to $45 million to growth equity fund Accel Growth VII and up to $25 million to venture capital fund Accel India VIII at its Nov. 19 meeting, recently released meeting minutes show.
The pension fund has made multiple commitments to prior Accel funds, most recently committing up to $25 million to Accel London VIII earlier in 2024.
As of June 30, the pension fund’s actual allocation to alternative investments was 15.5%.
