Pennsylvania State Employees’ Retirement System, Harrisburg, committed up to $30 million to Berkshire Fund VIII and up to $20 million to Insight Venture Partners VII, according to a news release. Both are private equity funds.
The $24.8 billion system had first invested with Berkshire Partners in 2002, committing $20 million to Fund VI, Pamela Hile, system spokeswoman, wrote in an e-mailed response to questions. A follow-on commitment of $32 million was made in 2006 to Fund VII. A $30 million commitment to Insight Venture Partners Fund VI was made in 2007.