Pennsylvania State Employes' Retirement System, Harrisburg, made allocations to real estate and private equity. For real estate, the $21 billion system will allocate up to $75 million to Westbrook Fund III and up to $50 million each to Allegis Multifamily Trust and Apollo Real Estate Fund III. In private equity, the system will invest up to $50 million to GTCR Golder Rauner Fund VI and up to $20 million to Prudential Asia Private Equity Fund II. Townsend Group assisted with the real estate allocations; and Cambridge Associates with private equity.
All allocations will be funded from cash.