The Pennsylvania State Employees’ Retirement System (PennSERS) has made an additional commitment of up to $125 million to two private equity funds managed by Sentinel Capital Partners, according to a report by Pension & Investments.
The report cites an email from spokeswoman Pamela Hill as confirming that an allocation of up to $100 million to middle-market fund Sentinel Capital Partners VII has been approved by the £33.9 billion pension fund’s board with and additional $25 million allocated to lower middle-market fund Sentinel Junior Capital II.
PennSERS has a target PE allocation of 12% with its actual allocation standing at 13% as of 31 March, 2022.
