Pennsylvania Public School Employees' Retirement System, Harrisburg, agreed to commit up to $100 million to Incline Elevate Fund II, a lower-middle-market private equity fund managed by Incline Equity Partners.
The commitment was made at the board's Oct. 8 meeting, documents on the $64.2 billion defined benefit plan's website show. The board previously committed to the first fund in this series in 2019.
Hamilton Lane Advisors, the pension plan's private markets investment consultant, assisted in the selection.
Evelyn Williams, spokeswoman for the pension fund, could not be immediately reached for additional information.