PASERS Commits $231M To Alternatives

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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