Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
Allocation to alternatives: 28.40%
Pennsylvania Public School Employees’ Retirement System (PSERS) has agreed to commit $200 million to Bain Capital Distressed & Special Situations 2019, $75 million to Incline Elevate Fund and $150 million to Hahn & Co III, according to the pension’s May Board meeting minutes.
The $55.27 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 five commitments to private equity funds with a 2019 vintage, which combined constitute $675 million.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.