Pennsylvania Public School Employees' Retirement System, Harrisburg...

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.