DPERS approves $40m commitment

The US public pension has confirmed its additional agriculture commitment.

Institution: Delaware Public Employees’ Retirement System
Headquarters: Dover, United States
AUM: $12.91 billion
Allocation to alternatives: 24.3%

Delaware Public Employees’ Retirement System agreed to commit $40 million to Flagship Pioneering Fund VII at its April 2021 Board of Trustees Meeting Minutes.

This commitment marks DPERS’ additional commitment to the agriculture fund after an initial commitment of $50 million. The Flagship Pioneering investment lies within the pension’s diversified real assets portfolio. Other sub-asset classes within this portfolio include non-core real estate and infrastructure.

As illustrated below, DPERS currently allocates 24.3 percent of its full investment portfolio to alternatives.

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