Pennsylvania pension adds PE investments despite Apollo setback

The $61 billion Pennsylvania Public School Employees’ Retirement Board (PSERS) has allocated nearly $400 million to private equity funds despite the reported halt on future investments in Apollo Global Management following the news of Leon Black’s payments to Jeffrey Epstein.

The Financial Times first reported this week that PSERS investment team told Apollo that it would not consider any new investments with the firm.

Among the top 10 of PSERS private equity holdings, Apollo manages $470 million for the fund or 3.5% of the overall $14 billion portfolio.

And . . .

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