Pennsylvania Public School Employees’ Retirement System, Harrisburg, committed up to $550 million to three alternatives funds and an additional $100 million to its real estate in-house co-investment and secondary program, according to documents from the $51.9 billion pension fund.
At its meeting Tuesday, the pension fund board agreed to commit up to $100 million in Blackstone Real Estate Debt Strategies III, managed by Blackstone Group; up to $100 million in Exeter Core Industrial Club Fund II, managed by Exeter Property Group; and up to $350 million in the LBC-PSERS Credit Fund, managed by LBC Credit Management.
The pension fund also agreed to invest an additional $100 million in the real estate in-house co-investment and secondary program.
