Pennsylvania Public School Employees' Retirement System, Harrisburg, committed a total of $350 million to three investment funds and made two investments totaling $200 million to its in-house co-investment and secondary program, according to documents from the $50.4 billion pension fund.
At its March 15 board meeting, the pension fund board agreed to commit up to $150 million in Strategic Partners Fund VI, a private equity fund managed by Blackstone Group's secondary private fund-of-funds business.
The pension fund also agreed to commit $100 million each to Ares European Real Estate Fund IV and Carlyle Realty Partners VII, real estate funds managed by Ares Management and Carlyle Group, respectively.
The pension fund also agreed to invest $100 million in the private debt in-house co-investment and secondary program and $100 million in the real estate in-house co-investment and secondary program.
