Pennsylvania Public School Employees' Retirement System, Harrisburg, made more than $1 billion in new commitments and investments, confirmed spokeswoman Evelyn Tatkovski.
The $49.3 billion pension fund committed $100 million to its own private markets and real estate in-house co-investment and secondary program.
PSERS also committed $200 million to Apollo Global Management's value-added private equity fund, Apollo Investment Fund VIII. This is PSERS' second commitment with Apollo, having previously committed $200 million to Apollo European Principal Finance Fund II, a 2012 vintage fund.
The pension fund also invested $200 million in the D.E. Shaw Orienteer Fund, a global tactical asset allocation fund. This investment is PSERS' first with D.E. Shaw & Co.
The pension fund invested $200 million in Perry Capital's Perry Partners Fund, which invests in equity, sovereign and corporate credit, and structured credit securities.
PSERS also committed $150 million and $200 million to Mariner Investment Group's International Infrastructure Finance Company Fund and Summit Partners' Credit Fund II, respectively.
In addition, the pension fund's board hired SEI Investments Management to manage $100 million in a separately managed account focused on collateralized loan obligations.
Separately, PSERS' board selected Hewitt EnnisKnupp as its investment consultant. The pension fund issued an RFP in May. Hewitt EnnisKnupp will replace incumbent consultant Wilshire Associates when its contract expires in November.
