Pennsylvania State Employees’ Retirement System, Harrisburg, allocated up to $250 million to Advanced Investment Management and $150 million to The Clifton Group to manage derivatives-based domestic enhanced index equity portfolios, said Sean Sanderson, a spokesman for the $28 billion system.
It also approved $90 million in follow-on commitments to alternative investment partnerships, including up to $30 million to Frazier Healthcare IV; $5 million to Advanced Technology Ventures VII; $20 million to Charles River Partnership XI; up to $25 million to Oaktree Capital Management Principal Opportunities Fund II; and $10 million in the newly designated BCEC VII Top-Up Fund.