Penn SERS approves $75m commitment

The US public pension has backed a private debt fund.

Institution: Pennsylvania State Employees’ Retirement System
Headquarters: Harrisburg, United States
AUM: $30.89 billion
Allocation to alternatives: 19.72%

Pennsylvania State Employees’ Retirement System has agreed to commit $75 million to HPS Mezzanine Partners 2019, a contact at the pension informed Private Debt Investor.

The $30.89 billion US public pension has a 1 percent allocation to private debt.

As illustrated below, the pension fund’s recent commitments are to funds focused on the corporate sector within the Europe and North America regions.

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