Pennsylvania Public School Employees' Retirement System, Harrisburg, made two new commitments totaling up to $350 million.
The $64.2 billion pension fund's board approved commitments of up to $200 million to Insight Venture Partners XII, a growth equity fund managed by Insight Partners, and up to $150 million to growth equity fund Summit Partners Growth Equity Fund XI-A at its meeting Wednesday, spokesman Steve Esack said.
The pension fund previously committed nearly $170 million to Insight Partners Opportunities Fund I in 2020 and up to $150 million to Summit Partners Growth Equity Fund X in 2019.
As of Dec. 31, the actual allocation to private equity was 14.3%.
