Arizona pension invests in new PE fund

The $16.5 billion Arizona Public Safety Personnel Retirement System has allocated up to $60 million to a new private equity fund being raised by a specialist in the community banking space.

The Castle Creek VIII allocation was made at the end of July as the fund itself launched in late June, according to regulatory documents. The $750 million firm, launched in 1990, has offices in San Diego and Dallas and has been focused on community banking across its eight private equity funds and multiple special situations funds.

At the same time, officials at the . . .

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