Pennsylvania State Employees’ Retirement System, Harrisburg, approved up to $215 million in private equity commitments, said Sean Sanderson, spokesman. The $26 billion fund committed up to $10 million to Accel Partners Europe, a new commitment; and an additional $20 million to Parthenon Investors II. The fund also approved follow-on commitments of up to $20 million to Apex Investment Fund V; $20 million to Cross Atlantic Technology Fund II; $75 million to Lexington Capital Partners V; and $70 million to OCM Opportunities Fund IV.
Funding will come from cash.
