The $66 billion Pennsylvania Public School Employees’ Retirement System committed $950 million across a number of private equity and private markets strategies at its December 6 board meeting.
Management firms winning mandates were Carlyle Aviation, Portfolio Advisors, Incline Management, Apax Partners, Insight Venture Management and Clearlake. All the mandates were for $150 million, with the exception of Clearlake, which won a $200 million mandate.
Clearlake is raising its Clearlake Capital Partners VI to continue investing in North American middle-market companies that are undergoing complex financial, operational or structural change. Pennsylvania School Employees previously committed . . .
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