Pennsylvania State Employees’ Retirement System has committed $100 million to large market buyout fund, Hellman & Friedman Capital Partners IX, and $75 million each to Audax Private Equity Fund VI, focused on buyouts to lower middle market companies in North America, and TCV X, targeting growth equity investments in technology and tech-enables services companies across Europe and North America.
The $29 billion US public pension has a 16 percent target allocation to private equity that currently stands at 13.7 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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