Thursday, 25 August 2016
Last updated 17 hours ago
Jan 25 2007 | 10:16am 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.