HARRISBURG, Pa. - The $38 billion Pennsylvania Public School Employees' Retirement System made commitments to two real estate funds and one private equity fund, according to Evelyn Tatkovski, spokeswoman.
The fund committed up to $120 million to the Hines U.S. Office Value-Added Fund, which will invest in office properties around the United States; $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.
