The Pennsylvania Public School Employees’ Retirement System, has allocated an additional $445 million in commitments to private equity and real estate, according to a report by Pensions & Investments.
The Pennsylvania Public School Employees’ Retirement System, has allocated an additional $445 million in commitments to private equity and real estate, according to a report by Pensions & Investments.
Commitments of up to $175 million have been approved by the $69.2 billion pension fund’s board to Cabot Industrial Value Fund VII, with up to $125 million also going to DRA Growth and Income Master Fund XI, and Incline Equity Partners VI.
In addition up to $20 million has also been allocated to Insight Vision Capital II, a venture capital fund managed by Insight Partners.
All new commitments have been allocated to existing PennPSERS managers and take the pensions fund’s overall allocations to private equity and real estate to 17.5% and 8.6%, respectively, ahead of their their respective targets of 12% and 7%.
