The board of the $38 billion Pennsylvania State Employees’ Retirement System (PennSERS) approved allocations totaling up to $225 million to new private equity and real estate investments at its Sept. 22 meeting.
The board also agreed that it would launch a request for information (RFI) for a general consultant and a real estate consultant “shortly.” Contracts for the public pension fund’s general and real estate consulting mandates are set to expire over the next 18 months. As such, the board plans to open the real estate consultant RFI to all comers in the middle of next . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.