The Pennsylvania Public School Employees’ Retirement System has made an additional $145 million in commitments to two Incline Equity Partners’ private equity vehicles, according to a report by Private Equity International.
The Pennsylvania Public School Employees’ Retirement System (PSERS) has made an additional $145 million in commitments to two Incline Equity Partners’ private equity vehicles, according to a report by Private Equity International.
The report cites material’s from the pension fund’s recent investment committee meeting as confirming that PSERS has allocated $125 million from its buyout portfolio to Incline Equity Partners VI, and an additional $20 million from the fund’s VC portfolio to Insight Vision Capital II.
Incline, which focuses on investments in the North American mid-market, is targeting $1.75 billion for Incline Equity Partners VI its ninth investment vehicle which will focus on business services, value-add distribution, and specialised light (or niche) manufacturing sectors.
PSERS made its first commitment to Incline Partners back in 2001 and as of 31 March 2022, had invested a total of $567.2 million with the firm, with the largest investment being a $150 million allocation to Incline Equity Partners V in 2020.
