Arizona PSPRS commits to Upfront growth fund

Arizona Public Safety Personnel Retirement System disclosed that it made a commitment of $20 million to Upfront Ventures’ third growth fund.

Arizona Public Safety Personnel Retirement System said it committed $20 million to Upfront Ventures’ third growth fund.

A public pension, Arizona PSPRS manages $10.93 billion.

Upfront, based in Santa Monica, California, set a target of $250 million for Upfront Growth III, according to an SEC filing from July 1, 2019. Managing members of the general partnership are Mark Suster and Yves Sisteron, the filing states.