Pennsylvania Public School Employees Retirement System, Harrisburg, made commitments to two real estate funds and one private equity fund, according to Evelyn Tatkovski, spokeswoman. The $38 billion fund committed up to $120 million to the Hines U.S. Office Value-Added Fund, which will invest in office properties around the U.S.; $100 million to Cerberus Institutional Partners, managed by Blackacre Capital Management and investing in mezzanine loans; and $75 million to LLR Equity Partners II, investing in private companies. Frank Russell assisted.
Pennsylvania Public School Employees' Retirement System, Harrisburg...
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