PSERS approves a $100m commitment

The US public pension has backed a North America-focused private debt fund.

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Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
AUM: $54.08bn
Allocation to alternatives: 29.40%
Bitesize: $100-200m

Pennsylvania Public School Employees’ Retirement System (PSERS) has agreed to commit $100 million to Clearlake Opportunities Partners II, according to the pension’s February Board meeting minutes.

The $55.04 billion US public pension has a 2.0 percent allocation to private debt.

As illustrated below, PSERS has made three commitments to private debt funds with a 2018 or 2019 vintage which combined constitute $418 million.

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