Pennsylvania Public School Employees Retirement System, Harrisburg, earned 12.87% on its investments for the year ended June 30, boosting its total assets under management to $51.8 billion, according to a news release. The return exceeded the fund's actuarial assumption of 8.5%, as well as plan consultant Wilshire Associates' estimated median public pension plan return of 8.17% for the same time period.
The system's private equity investments returned 25.45%, while the system earned 26.14% from real estate. By comparison, the benchmark Thomson Venture Economics private equity index returned 8.22%, and the NCREIF Property index returned 15.55% for the same period. As of June 30, the system's asset allocation was 61.4% equities, 18.2% fixed income, 9.6% alternatives, 7.1% real estate and 3.7% in cash.