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PSERS approves $155m in commitments

The US public pension has backed two private equity funds.

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Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, US
AUM: $58.70 billion
Allocation to alternatives: 35.90%

Pennsylvania Public School Employees’ Retirement System has agreed to commit $125 million to Sixth Street Specialty Lending Europe II and $30 million to Valar Velocity Fund 2, the pension’s December 2020 board resolution states.

The $58.70 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 technology, financial services and healthcare sectors within the Europe and North America regions.

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