Trustees of the $17 billion Pennsylvania State Employes' Retirement System, Harrisburg, allocated a total of up to $75 million to three venture capital funds.
TA Associates' Advent VIII fund and New Enterprise Associates' NEA VII fund each will receive up to $30 million. NEPA Management's NEPA III fund will receive up to $15 million.
The allocations will be funded from a combination of cash and the continuing reallocation of assets pursuant to PSERS' long-term investment plan, said Geoffrey Yuda, information officer.
