New Investments for Arizona Safety System

March 27, 2009

Jim Hacking, administrator at the $7.3 billion Arizona Public Safety Personnel Retirement System (PSPRS), said its investment committee recently authorized a $20 million commitment in Longworth Venture Partners' Fund III. He explained that the Longworth fund is designed to invest in early stage technology companies, an area of private equity to which the PSPRS does not currently have exposure and that this investment would help to add diversification to the plan's private equity portfolio. …

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