PennSERS approves €93m commitment

The US public pension has backed a Western Europe-focused fund.

9 December 2016

Pennsylvania State Employees' Retirement System’s board approved a commitment of up to €93 million to TDR Capital IV.

The $26 billion US public pension 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.

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