Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • ESG Investing | Industry Brief
    • Innovation in ESG Investing
    • 2023 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2023 Defined Contribution East Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Research Center
    • The P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2023 ESG Investing
    • 2023 Private Markets
Breadcrumb
  1. Home
  2. SEARCHES AND HIRES
March 12, 2018 01:00 AM

Pennsylvania Public School Employees assigns $860 million to 6 funds

James Comtois
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    Pennsylvania Public School Employees' Retirement System, Harrisburg, agreed to commit a total of $860 million to six alternative investments funds, documents from the $56 billion pension system's website show.

    At its March 9 meeting, the board agreed to commit up to $200 million each to Platinum Equity Small Cap Fund, a private equity fund; and HS Group Sponsor Fund II, an Asia-focused hedge fund. PennPSERS has committed to previous Platinum Equity funds; HS Group is a first-time commitment for the pension fund.

    The pension fund also agreed to commit €150 million ($185 million) to ICG Europe Fund VII, a European-focused middle-market debt fund managed by Intermediate Capital Group. The pension fund has committed to two previous ICG Europe funds.

    PennPSERS also agreed to commit up to $100 million each to K4 Private Investors, a lower-middle-market private equity fund managed by K1 Investment Management, and Cabot Industrial Core Fund II, a core real estate fund managed by Cabot Properties. K1 is a new relationship for PennPSERS; the pension fund has committed to several other Cabot funds.

    Finally, the board agreed to commit up to $75 million to Webster Capital IV, a North American lower-middle-market buyout fund. This is PennPSERS' first commitment to a Webster Capital fund.

    As of Dec. 31, the pension fund had 13.6% allocated to private markets, 10.2% to real estate, 9.7% to absolute return/hedge funds and 9.4% to credit-related investments.

    Investment consultant Courtland Partners advised on the Cabot commitment. Hamilton Lane advised on the remaining commitments.

    PennPSERS earned 12.3% for the year ended Dec. 31, above the benchmark return of 11.7%. It also posted annualized returns of 6.9%, 7.6% and 4.2% for the three, five and 10 years, respectively, ended Dec. 31.

    Related Articles
    Pennsylvania Public School Employees returns 10.14% for fiscal year
    PennPSERS assigns about $600 million to 4 funds
    PennPSERS commits $1.3 billion to alternatives
    Pennsylvania Public School Employees commits $500 million to Blackstone fund
    Pennsylvania Public School Employees on lookout for investment consultant
    Pennsylvania Public School Employees allocates $750 million to 5 funds
    Platinum Equity closes small-cap fund at $1.5 billion
    PennPSERS earmarks $425 million for alts, retains Aon Hewitt as consultant
    Recommended for You
    ONLINE_180629880_AR_0_EJBZKXTYSLGZ.jpg
    Judge tosses suit against United Surgical Partners over now-defunct 401(k) plan, again
    ONLINE_180209882_AR_0_QXHIIWOILOQD.jpg
    Bessemer Trust to pay $5 million to settle 401(k) lawsuit
    San Francisco 2-main.jpg
    San Francisco names finalists in public markets consultant search
    Innovations in DC: Moving Ahead on Retirement Outcomes
    Sponsored Content: Innovations in DC: Moving Ahead on Retirement Outcomes

    Reader Poll

    March 15, 2023
    SEE MORE POLLS >
    Sponsored
    White Papers
    The Need for Speed in Trend-Following Strategies
    Global Fixed Income: Volatility and Uncertainty Here to Stay
    Morningstar Indexes' Annual ESG Risk/Return Analysis
    2023 Outlook: The Top Five Trends to Monitor in the Year Ahead
    Show Me the Income: Discovering plan sponsor and participant preferences for cr…
    The Future of Infrastructure: Building a Better Tomorrow
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • ESG Investing | Industry Brief
      • Innovation in ESG Investing
      • 2023 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2023 Defined Contribution East Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Research Center
      • The P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2023 ESG Investing
      • 2023 Private Markets