Pennsylvania pension adds $375m to RE, PE programs

The $61 billion Pennsylvania Public School Employees' Retirement Board (PSERS) approved fresh commitments to two alternative investment managers totaling $375 million upon the recommendation of staff and consultant Hamilton Lane.

Carlyle Realty Partners IX fund will receive up to $200 million in capital to be managed in a strategy that is focused on demographic-driven real estate sectors. Carlyle Group is targeting a $6 billion fund raise in the strategy. As for Pennsylvania, the pension has invested alongside Carlyle in their opportunistic real estate fund series, Carlyle Realty Partners III -- VIII, and a European real estate fund . . .

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