PennPSERS approves over $400m in commitments

The US public pension has backed North America and Western Europe-focused funds.

Pennsylvania Public School Employees' Retirement System’s board has committed $200 million to LLR Equity Partners V, $125 million to HGGC Fund III and £95 million to HgCapital 8.

The $50 billion US public pension has 15 percent target allocation to private equity that currently stands at 16.3 percent.

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