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PSERS approves $100m commitment to Oak HC/FT Partners IV

The US public pension has backed a North American private equity fund.

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Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, US
AUM: $59.85 billion
Allocation to alternatives: 35.90%

Pennsylvania Public School Employees’ Retirement System has agreed to commit $100 million to Oak HC/FT Partners IV, the pension’s January 2021 board resolution states.

The $59.85 billion US public pension has a 12.0 percent target allocation to private equity that currently stands at 12.90 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the financial services, technology and healthcare sectors within Asia-Pacific, Europe and North America.

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