PennSERS invests in alternatives funds

Pennsylvania State Employees Retirement System, Harrisburg, will invest up to a total of $231 million in alternative investment funds, confirmed spokesman Robert Gentzel. The $34 billion system committed up to $50 million to Starwood Global Opportunity Fund VIII and up to $20 million to Segulah. It also made follow-on commitments of a total of $100 million to Bain Capital Fund X and Bain Capital Coinvestment Fund; up to $25 million each to Ignition Venture Partners IV and TPG Asia V; up to $10 million to Avenue Special Situations Fund V; and up to $1.2 million to purchase a secondary interest in Meritech Capital Partners II.