PA SERS Board Approves Private Equity Investments

Jan 25 2007 | 11:16am ET

The board of the $30 billion Pennsylvania State Employees' Retirement System on Jan. 24 approved a half-dozen investments in the leveraged buyout and venture capital portion of its portfolio.

It will invest up to €100 million to Apax Europe VII, as a follow-on investment, up to $30 million to The Baring Vostok Private Equity Fund IV, up to $50 million to CVI Global Value Fund, up to $25 million to Bain Capital Asia Fund, up to $50 million to Sankaty Credit Opportunities III and up to $25 million to Weathergage Venture Capital.

The board also approved a commitment of up to $75 million to Blackstone Real Estate Partners VI.

PA SERS was established in 1923 and serves more than 200,000 members.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of