Pennsylvania State Employes' Retirement System trustees have rehired...

Pennsylvania State Employes’ Retirement System trustees have rehired real estate consultant The Townsend Group for three years with two one-year renewal options. The board also approved alternative investment commitments of $65 million: up to $35 million to TL Ventures IV for investment in information technology, communication and biotechnology in the United States; and up to $30 million to Atlas Venture IV, which will invest in life science and information technology sectors domestically and in Europe. Funding will come from cash, said Geoffrey S. Yuda, spokesman for the Harrisburg-based $23 billion fund.