The Delaware Public Employees’ Retirement System committed $35 million to the IDG Breyer Capital Fund, a venture capital fund jointly managed by IDG Capital and Breyer Capital. The state pension fund said it currently allocates 24.4% of its holdings to alternative investments – typically defined as private equity and venture capital, hedge funds, real estate and commodities. Previously in 2017, Delaware’s $10.4 billion fund, which has offices in the city of Dover, committed up to $30 million to IDG China Venture Capital Fund V, another initiative led by IDG Capital. Members of the Delaware fund now include, among others, public school teachers, policemen, county and municipal employees and volunteer firemen.