Thursday, 29 September 2016
Last updated 2 hours ago
Nov 2 2007 | 11:12am ET
The board of the $35 billion Pennsylvania State Employees’ Retirement System last week approved a total commitment of $231 million to a of private equity funds and a real estate fund.
The system’s board approved up to $30 million for the Fillmore West Fund, up to $100 million to New York Life Capital Partners IV and up to €70 million (US$101 million) to Nordic Capital Fund VII. The Fillmore fund is a real estate fund while the New York Life and Nordic Capital funds are private equity funds. The investments will be funded from cash as part of SERS’ long-term investment plan.