PennSERS approves approximately $175m in commitments

The US public pension has backed two corporate debt funds.

Pennsylvania State Employees’ Retirement System has approved commitments of €80 million to ICG Europe Fund VII and $75 million ICG North American Private Debt Fund II.

The $26 billion US public pension has a 29 percent allocation to alternatives including private debt.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.