PSERS approves $388m in commitments

Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
AUM: $58.45bn
Allocation to alternatives: 32.60%
Bitesize: $100-200m

Pennsylvania Public School Employees’ Retirement System has confirmed $388 million-worth of private equity commitments to three vehicles, according to the pension’s March investment report.

The commitments comprise of $175 million to New Mountain Partners VI, $100 million to Hg Saturn 2 and €100 million ($113 million) to HgCapital 9.

The $58.45 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 PSERS has made several commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $1.86 billion.

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