Pennsylvania Public School Employees' Retirement System, Harrisburg, made five new commitments for a total of $525 million, confirmed spokeswoman Evelyn Tatkovski.
The $49.4 billion pension fund committed up to $150 million to TPG Opportunities Partners III, a special situations fund managed by TPG Capital. The pension fund previously committed $100 million to TPG Opportunities Partners II in October 2011.
Also, the pension fund committed up to $100 million to private equity fund CVC Capital Partners Asia Pacific Fund IV. It is the pension fund's third commitment to the manager's funds, the most recent of which was a commitment of up to $300 million to CVC Capital Partners Asia Pacific Fund III in August 2007.
The pension fund also committed up to $100 million to value-added real estate fund DRA Growth & Income Fund VIII. It is the pension fund's third commitment to DRA Advisors, the most recent of which was a commitment of $100 million to DRA Growth & Income Fund VII in June 2011.
There was also a commitment of up to $100 million to Blackstone Real Estate Partners Europe IV, an opportunistic real estate fund managed by Blackstone Group. The pension fund has previously invested in five Blackstone real estate funds, the most recent of which was a commitment of $100 million to Blackstone Real Estate Debt Strategies II in January.
Finally, up to $75 million was committed to Exeter Industrial Value Fund III, a value-added real estate fund managed by Exeter Property Group. The pension fund previously committed up to $75 million to Exeter Industrial Value Fund II in March 2012.