Pennsylvania Public School Employees' Retirement System, Harrisburg, disclosed four new commitments totaling up to $650 million.
The $72.5 billion pension fund's board approved the commitments at its March 15 meeting, spokesman Steve Esack said in an email.
The board approved commitments of up to $250 million to CIM Infrastructure Fund III, an infrastructure fund managed by CIM Group; up to $200 million to secondary private equity fund of funds Whitehorse Liquidity Partners V; and up to $100 million each to real estate fund EQT Exeter Industrial Core-Plus Fund IV and Hg Saturn 3, a large buyout fund managed by Hg Capital.
As of Sept. 30, the pension fund's actual allocations to private equity and private real assets were 17.5% and 8.9%, respectively.
