PennSERS board approves $225m in private capital investments

The Pennsylvania State Employees' Retirement System (SERS) Board approved up to $225 million in follow-on private equity and private credit investments at its latest meeting on Sept. 29.

The board, which oversees the $35 billion defined benefit plan, approved three allocations. They were $100 million to Clearlake Capital Partners VII within the private equity class, as well as $75 million to Clearlake Opportunities Partners III and $50 million to Sixth Street Opportunities Partners V within the private credit asset class.

Officials also announced a second quarter return of 6.01% net-of-fees for . . .

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