The board of the Pennsylvania State Employees' Retirement System (SERS) approved private equity investments totaling up to $125 million at its July 25 meeting. The board's approval came in the wake of its decision in June to reduce SERS’ commitment pacing rate to the class. At the meeting, the board also approved formal procedures to annually review hired advisors and consultants.
The SERS board approved commitments of up to $100 million to Sentinel Capital Partners VII, and up to $25 million to Sentinel Junior Capital II. The VII fund invests in lower midmarket business, targeting niche . . .
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