Pennsylvania State Employees' Retirement System, Harrisburg, rehired NEPC as real estate consultant.
The $34.7 billion pension fund’s board approved the hiring at its meeting Tuesday, a news release said.
The pension fund had issued an RFI earlier this year because NEPC’s contract was set to expire Dec. 1. Spokeswoman Pamela J. Hile said in an email that finalist information will be disclosed when the new contract is finalized.
As of March 31, the pension fund's actual allocation to real estate was 8.4%; the target is 7%.
Separately, the board approved commitments of up to $75 million to KPS Special Situations Fund VI and up to $25 million to KPS Special Situations Mid-Cap Fund II, both special situations funds managed by KPS Capital Partners.
PennSERS previously committed $75 million to KPS Special Situations Fund V and $25 million to KPS Special Situations Midcap Fund.
As of March 31, the pension fund's actual allocation to private equity was 19%; the target is 16%.