Pennsylvania Public School Employees' Retirement System, Harrisburg, approved two new alternative commitments totaling up to $350 million.
The $75.9 billion pension fund's board at its June 17 meeting approved commitments totaling up to $250 million to GCM U.S. Partnership Opportunities, a private infrastructure fund managed by GCM Grosvenor, and up to $100 million to venture capital fund Greenoaks Capital Opportunities Fund V, spokeswoman Evelyn M. Williams said in an email.
Penn PSERS previously committed up to $100 million to Greenoaks Capital Opportunities Fund III in 2020 and up to $100 million to GCM Grosvenor Customized Infrastructure Strategies II in 2016.
As of Dec. 31, the pension fund's actual allocations to private equity and private real assets were 15.9% and 8.8%, respectively.
