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 . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
