Pennsylvania Public School Employees' Retirement System, Harrisburg, committed up to $75 million to Catterton Growth Partners II, a private equity fund, confirmed Evelyn Tatkovski, spokeswoman for the $49 billion pension fund.
The fund, managed by Catterton Partners, targets equity investments of $10 million to $30 million in consumer companies, including retail, restaurants, food and beverage, and consumer and marketing services.
PSERS previously committed $100 million to Catterton Fund V in 2004, $130 million to Catterton Fund VI in 2006, $75 million to Catterton Growth Fund in 2008 and $100 million to Catterton Fund VII in 2012.
Portfolio Advisors assisted.
