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PennSERS Puts $55M In Three Alt Funds
The Pennsylvania State Employees’ Retirement System has committed a total of $55 million to three portfolios.
ThePennsylvania State Employees’ Retirement Systemhas committed a total of $55 million to three portfolios,Pensions & Investmentsreports. The Harrisburg retirement system has invested $15 million in a real estate fund,BPG Investment Partnership IXand $30 million in a private equity fund,ABRY Partners VII.
PennSERS has also committed to $10 million to a real estate fund,Guggenheim Technology Ventures II. Separately, the $25.5 billion system has also reported a 2010 return of 11.9%.
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