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PSERS approves $600m to 3 PE funds

PSERS continues to pursue PE opportunities through funds.

Pennsylvania Public School Employees' Retirement System (PSERS) revealed in its Board meeting documents that it approves $250 million to Apollo Investment Fund IX, $200 million New Mountain Partners V and $150 million to Bain Capital Fund XII.

As at March 2017, PSERS allocated 20.9 percent of assets to private market investments.

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