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PASERS Makes Private Equity Commitments

July 18, 2008

The board of the $34 billion Pennsylvania State Employees’ Retirement System this week allocated capital to five private equity and real estate shops.

The board authorized commitments of up to €20 million (US$31 million) to Clessidra Capital Partners II, up to €50 million (US$79 million) to Charterhouse Capital Partners IX as a follow-on investment, up to $30 million to InterWest Partners X as a follow-on investment, $9 million to a “sidecar” fund being raised by Battery Ventures VIII, and up to $15 million to Arden Real Estate Fund I.

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