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.

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