The Board of the $39 billion Pennsylvania State Employees' Retirement System (PennSERS) approved half a dozen private equity investments totaling $400 million at its meeting on March 4.
The board also instructed the system’s staff and vendors to divest all PennSERS' “Russia-related” investments as soon as practical.
The Board approved the following investment commitments within the private equity class:
- Up to $100 million to Francisco Partners VII, L.P.
- Up to $50 million to Francisco Partners Agility III, L.P.
- Up to $50 million . . .
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