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Posted on: June 17, 2015, 2:20 p.m.
Pennsylvania Public School Employees’ Retirement System, Harrisburg, announced $900M in new commitments, spokeswoman Evelyn Williams said to Pensions & Investments. The $52.4 billion pension fund committed up to $300 million to Cerberus PSERS Levered Loan Opportunities Fund, a customized direct lending separate account, and up to $200 million to Cerberus Institutional Partners VI, a private debt fund, both managed by Cerberus Capital Management.Also, the pension fund committed up to $250 million to Sankaty Credit Opportunities VI.PennPSERS also committed up to $100 ... Full investment news article