PSERS approves $325m in commitments

The US public pension has backed two private equity funds.

Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
AUM: $55.10 billion
Allocation to alternatives: 32.60%

Pennsylvania Public School Employees’ Retirement System has agreed to commit $200 million to Whitehorse Liquidity Partners IV and $125 million to Bridgepoint Development Capital IV, according to its June Board meeting minutes.

The $55.10 billion US public pension has a 16.0 percent target allocation to private equity which currently stands at 12.90 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the technology sector within Europe and North America.

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