Pennsylvania State Employees' Retirement System, Harrisburg, rehired The Townsend Group as the $24.9 billion pension fund's real estate consultant for a five-year period. Pension Consulting Alliance was the other finalist.
Separately, the fund made a follow-on commitment of up to $80 million to Hellman & Friedman Capital Partners V, bringing the system's total commitment to the firm's funds to $226 million, according to Sean Sanderson, spokesman for the system. Funding will come from cash.
