PennSERS commits up to $50 million to private equity fund
By Rob Kozlowski | October 25, 2012 2:04 pm
Pennsylvania State Employees' Retirement System, Harrisburg, committed up to $50 million to LLR Equity Partners IV, a private equity fund managed by LLR Partners, confirmed spokeswoman Pamela Hile.
The $25 billion pension fund previously committed $30 million to LLR Equity Partners III in July 2008, $25 million to LLR Equity Partners II in January 2004 and $25 million to LLR Equity Partners in February 2000.
Alternatives investment consultant StepStone Group assisted.