Sacramento County (Calif.) Employees' Retirement System made two new commitments totaling $45 million, according to a May investment activity report posted on its website.
The $9.3 billion pension fund committed $25 million to Spectrum Equity IX, a growth equity fund managed by Spectrum Equity Management, and $20 million to Summit Partners Venture Capital Fund V.
The pension fund previously committed $25 million to Spectrum Equity VIII and €20 million ($22 million) to Summit Partners Europe Growth Equity Fund III.
As of March 31, the actual allocation to private equity was 9.5%.
Steve Davis, chief investment officer, could not be immediately reached for further information.