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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...