Pennsylvania Public School Employees' Retirement System, Harrisburg, committed a total of $300 million to three funds, confirmed pension fund spokeswoman Evelyn Tatkovski in an e-mail.
The $49.4 billion pension system agreed to invest $150 million in Anderson Global Macro Fund. The plan also committed up to $75 million each to Palladium Equity Partners IV and Bell Institutional Fund V, managed by Bell Partners.
The Anderson fund will make investments based on medium- and long-term thematic macro views in developed and emerging market countries. The Palladium fund is a private equity vehicle seeking $800 million to invest in middle-market companies focusing on the U.S. Hispanic market. The pension fund previously committed $57.7 million to Palladium Equity Partners II, while this is its first commitment to Anderson.
The Bell real estate fund is seeking $300 million to acquire well-located Class A and B multifamily assets in supply-constrained submarkets across the East Coast and Southwest U.S. The pension fund's board approved a $75 million commitment to Bell Institutional Fund IV in March 2012.
These commitments are subject to the approval of the investment office and offices of chief counsel and executive director.