Penn. Employees Commits Up To $387M To P.E., Real Estate

Mar 24 2006 | 12:00am ET

The Pennsylvania State Employees’ Retirement System has committed $227 million to new investments and $155 million in follow-on commitments.

At a board meeting held earlier this week, the fund approved real estate investments of up to $75 million in the Scout Fund I, $25 million in Prudential Latin America Retail Fund, private equity investments of $25 million in Excelsior Capital Asia Partners III, $10 million in Sigulare Guff BRIC Opportunities Fund, €35 million ($42 million) in Chequers Capital XV and $50 million in Centerbridge Capital Partners. Follow-on commitments were approved of $30 million to Francisco Partners II, $25 million in Worldview Technology Partners V and $100 million to Bain Capital Fund IX.

Plan Spokesman Robert Gentzel said all commitments approved by the board will be funded from cash as part of SERS’ long-term investment plan.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

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.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR