Institution: Pennsylvania State Employees’ Retirement System
Headquarters: Harrisburg, United States
Allocation to alternatives: 21.70%
Pennsylvania State Employees’ Retirement System has approved a commitment of up to $75 million to Clearlake Opportunities Partners II, a contact at the pension fund informed Private Debt Investor. Clearlake Capital Group’s fund is investing in structured equity, distressed equity, and opportunistic credit investments in North American, middle-market companies.
As illustrated in the charts below, the $26.89 US public pension has made five commitments to funds focused on private debt with a vintage of 2018 and 2019, which combined constitute $440 million.
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