PennPSERS approves $250m in commitments

The US public pension has backed a coporate and a real estate debt fund.

Pennsylvania Public School Employees’ Retirement System has approved commitments of $150 million to TPG Opportunities Partners IV and $100 million to LEM Multi Family Fund V.

The $56 billion US public pension has an 11 percent target allocation to private debt that currently stands at 2 percent.

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