The $61 billion Pennsylvania Public School Employees' Retirement System added two more funds to its alternative investment stable totaling $155 million.
Trustees approved an allocation of up to $125 million to the Sixth Street Specialty Lending Europe II fund within its private credit portfolio. Consultant Aksia recommended the allocation.
The Sixth Street fund is targeting €800 million ($971 million) in capital commitments as the firm seeks to invest in directly originated middle-market European credit with a thematic, migratory approach across sectors and countries. The strategy targets first lien, floating rate and call-protected with . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.