Delaware Public Employees' Retirement System, Dover, committed up to $50 million to Accel Leaders Fund 4.
The $14.5 billion pension fund's investment committee approved the commitment to the venture capital fund at its May 17 meeting, recently released meeting minutes show.
The pension fund has made numerous commitments to prior Accel funds, most recently committing up to $35 million to Accel Growth Fund VI and up to $16 million to Accel XV in April 2021.
The pension fund's actual allocation to alternative investments was 24.2% as of June 30, 2021, the most recent data available.
Brenda A.M. Wise, director of policy and communications at Delaware's office of management and budget, could not be immediately reached for further information.