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Top Tier Capital receives commitment from Municipal Fire & Police Retirement System of Iowa

The US public pension has backed Top Tier Capital's third venture capital secondaries fund.

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Institution: Municipal Fire & Police Retirement System of Iowa
Headquarters: Sacramento, United States
AUM: $2.53bn
Allocation to alternatives: 31.60%
Bitesize: $10-50m

Municipal Fire & Police Retirement System of Iowa (MFPRSI) has agreed to commit $25 million to Top Tier Venture Velocity Fund III, according to a report on the pension’s website. The pension previously committed $25 million to the fund’s predecessor in 2017.

As illustrated in the charts below, MFPRSI has made three commitments to secondaries funds since 2012, which combined constitute $135 million.

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