Wednesday, 28 January 2015
Last updated 5 min ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…