Penn SERS approves $275 million in commitments

The US public pension has backed a Nordic, global and North America-focused funds.

Pennsylvania State Employees' Retirement System has committed $100 million each to FSN Capital Partners V and Platinum Equity Partners IV and $75 million to Providence Strategic Growth II.

The $26 billion US pension plan has a 20 percent target allocation to private equity that currently stands at 16.7 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.