PSERS approves $369m in commitments

The US public pension has backed three private equity funds.

Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, US
AUM: $55.10 billion
Allocation to alternatives: 35.90%

Pennsylvania Public School Employees’ Retirement System has confirmed $368.75 million-worth of private equity commitments to three vehicles, a contact at the pension informed Private Equity International.

The commitments comprise of $168.75 million to Insight Partners Opportunities Fund I, $100 million to Polaris “Jewel” Capital Fund V and $100 million to GreenOaks Capital Opportunities Fund III.

The $55.10 billion US public pension has a 16.0 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, consumer goods, manufacturing and retail sectors within the Asia-Pacific and North America regions.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.