Pennsylvania State Employees' Retirement System, Harrisburg, committed up to $50 million each to H.I.G. Europe Capital Partners II, a lower middle-market buyout fund managed by H.I.G. Capital; and Platinum Equity Capital Partners Fund III, a buyout fund, confirmed Pamela Hile, spokeswoman for the $25.7 billion pension fund.
Alternatives consultant StepStone Group assisted.
The pension fund also made direct hedge fund investments of $20 million each to Hoplite Capital Management, Luxor Capital Group and Pine River Capital Management.
Diversifying assets program consultant Albourne America assisted.