Delaware Public Employees’ Retirement System, Dover, committed a total of up to $120 million to Summit Partners Growth Equity Fund XII and potential co-investments.
The $12.7 billion pension fund’s investment committee approved commitments of up to $80 million to the growth equity fund and up to $40 million to potential co-investments at its June 18 meeting, recently released meeting minutes show.
The pension fund previously committed up to $40 million to Summit Partners Growth Equity Fund XI in 2021.
As of June 30, 2023, the most recent data available, the actual allocation to alternative investments was 19.3%.
