Pennsylvania State Employees’ Retirement System trustees, at their October meeting, received a draft of the fund’s 2002 annual five-year investment plan from general consultant BARRA RogersCasey, according to Sean Sanderson, spokesman for the $24 billion fund.
The board for the Harrisburg-based system approved a new $50 million commitment to OCM Emerging Markets Fund III. BARRA RogersCasey assisted. It also approved a follow-on investment of up to $75 million in Blackstone Capital Partners IV and an additional commitment of $2.6 million to A.G. Capital Recovery Partners II. Cambridge Associates, the fund’s alternative investment consultant, assisted.
In addition, the fund approved a new commitment of up to $25 million to a public real estate securities separate account to be managed by Urdang & Associates Real Estate Advisors. Townsend Associates, the fund’s real estate consultant, assisted.
All allocations will be funded from cash.
