Pennsylvania State Employees’ Retirement System, Harrisburg, approved an international equity investment of up to $50 million in OCM Emerging Markets Fund II, and new private equity commitments of $25 million to Bain Capital Fund VII and up to $30 million to Lubert-Adler Real Estate Fund III.
The board of the $28 billion fund also approved $175 million in follow-on commitments: up to $35 million to ABRY Broadcast Partners IV; up to $35 million to ABS Capital Partners IV; up to $35 million to M/C Venture Partners V; up to $35 million to Great Hill Equity Partners II; and up to $35 million to Draper Fisher Jurvetson Fund VII.
All allocations will be funded from cash.
