San Mateo, Calif.-based lower mid-market shop
The pension also committed $25 million to
In addition, a total of $45 million went to venture capital funds Insight Venture Partners Co-Investment Fund II LP and Institutional Venture Partners XIII LP.
As of October 12, the pension fund’s actual allocation to private equity stood at 6.4 percent, or $870 million, with a 10 percent target to the asset class and an allowable range of 8 percent to 12 percent.
Earlier this year, Chief Investment Officer Tom Lopez told Buyouts that the pension intends to commit between $200 million and $400 million this year to private equity and that it is not leaning toward any particular sub-strategies.
Portfolio Advisors serves as the LP’s private equity consultant.