PERA invests in private equity, venture capital, and special situation partnerships. PERA will also consider co-investments with private equity sponsors on a limited basis. The Private Equity program's objective is to generate investment returns in excess of the publicly traded markets as well as to deliver investment returns that rank highly against the private market opportunity set.
Sponsored by PERA and managed by the Grosvenor Capital Management, Customized Fund Investment Group, the Colorado Mile High Fund is a $50 million co-investment program designed to invest in a diversified, high-quality portfolio of companies with a nexus to Colorado. With established industries, strong growth opportunities, a dedicated research community, and an active private equity market, the state is ripe for investment.