Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
Allocation to alternatives: 34.90%
Pennsylvania Public School Employees’ Retirement System has agreed to $800 million-worth of private equity commitments across five vehicles, according to recent news releases on the pension’s website.
The commitments comprise of $200 million to Clearlake Capital Partners VI, $150 million to Insight Venture Partners XI, $150 million to Apax X, $150 million to Incline Equity Partners V and $150 million to Portfolio Advisors Secondary Fund IV.
The $55.78 billion US public pension has a 16.0 percent target allocation to private equity that currently stands at 14.60 percent.
As illustrated below, PSERS has made 10 commitments to 2019-vintage private equity funds, which combined constitute $1.47 billion.
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