St. Louis Public School Retirement System board approved committing up to $10 million to Pantheon Global Secondary Fund III and $10 million to Smith Whiley's Pelham Fund III, both private equity funds, confirmed Andrew Clark, executive director. Funding will come from a general rebalancing, and the move is being made for diversification. The $1.1 billion pension fund now has about $40 million in the asset class.
New England Pension Consultants assisted in the invitation-only search.
