PSERS approves $350m in commitments

The US public pension has backed three private equity funds.

Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
AUM: $54.08bn
Allocation to alternatives: 28.40%
Bitesize: $100-200m

Pennsylvania Public School Employees’ Retirement System (PSERS) has agreed to commit $150 million to Searchlight Capital III, $100 million to Falko Regional Aircraft Opportunities Fund II and $100 million to Clearlake Opportunities Partners II, according to the pension’s February board meeting minutes.

The $54.08 billion US public pension has a 16.0 percent target allocation to private equity which currently stands at 15.40 percent.

As illustrated in the charts below, PSERS has made three commitments to private equity funds with a vintage of 2019, which combined constitute $400 million.

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