Pennsylvania School Employees’ Retirement System approves a $150m commitment

The US public pension has backed SSG Capital's fifth distressed debt fund.

Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
AUM: $55.78bn
Allocation to alternatives: 30.02%
Bitesize: $100-200m

Pennsylvania Public School Employees’ Retirement System has agreed to commit up to $150 million to SSG Capital Partners V, according to the pension’s latest board meeting minutes.

The $55.78 billion US public pension has a 2.0 percent current allocation to private debt.

As illustrated in the charts below, the pension fund has made six commitments to private debt funds with a vintage of 2018 or 2019, which combined constitute $1.16 billion.

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