Pennsylvania pension adds nearly $1bn to real estate, private equity strategies
The summer break was cut short for the Pennsylvania Public School Employees’ Retirement System (PSERS), where trustees assigned allocations of $975 million across five new funds.
Most of the fresh capital went to real estate/infrastructure investments, with a remaining $450 million going to three distinct private equity strategies.
Officials at the $61 billion pension system also agreed to scrap the system’s risk parity program, which will result in the boosting of real asset exposure by 2% and equity exposure by 4% and fixed income by 6%. The managers of the risk parity program . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.
Monthly subscriptions and discounted corporate plans for up to 100 members also available.
