San Jose (Calif.) Federated City Employees Retirement System committed $3.5 million to Crosslink Ventures X.
The $2.8 billion pension fund's board approved the commitment to the early stage venture capital fund managed by Crosslink Capital in closed session at its Jan. 19 meeting, said Ron Kumar, investment operations supervisor, in an email.
It is the pension fund's first commitment to a Crosslink fund, Mr. Kumar said.
As of Dec. 31, the pension fund's actual allocation to private equity was 22.7%; the target is 21%.
