Pennsylvania Public School Employees’ Retirement System, Harrisburg, will commit up to $500 million to three private equity funds, according to a posting on the $62 billion retirement system’s website. It will invest up to $300 million in Avenue Special Situations Fund V; and up to $100 million each in Blue Point Capital Partners II and Lehman Brothers Merchant Banking Partners IV.
The fund will also commit up to €200 million ($266 million) in the Apax Europe VII, a buyout fund, and up to $300 million in Broadway Partners Real Estate Fund III.
