Pennsylvania Public School Employees’ Retirement System, Harrisburg, approved private credit and private real estate commitments totaling up to $315 million.
The $75.3 billion pension fund’s board approved commitments of up to $165 million to Sixth Street Specialty Lending Europe III, a direct lending fund managed by Sixth Street Partners, and up to $150 million to WCP NewCold III, an opportunistic real estate fund concentrating on temperature-controlled storage facilities managed by Westport Capital Partners at its Dec. 20 meeting, a news release said.
PennPSERS previously committed up to $250 million to Sixth Street Lending Partners in 2023. Westport Capital is a new manager for the pension fund.
As of June 30, the actual allocations to private real assets and private fixed income were 11.1% and 7.4%, respectively.
