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Delaware Public Employees slates $40 million for growth equity fund

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Delaware Public Employees’ Retirement System, Dover, committed up to $40 million to Summit Partners Growth Equity Fund XI.

The $14.1 billion pension fund disclosed the commitment to the growth equity fund at its Sept. 24 board meeting, recently released meeting minutes show.

The pension fund previously committed up to $30 million to Summit Partners Growth Equity Fund X in 2019.

Officials at the retirement system could not be immediately reached for further information.