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Pennsylvania Public School Employees assigns $900M to 3 firms

by trusted insight posted 3years ago 405 views
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 million to Summit Partners Growth Equity Fund IX, a private equity fund, and up to $50 million to Summit Partners Venture Capital Fund IV.

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