PSERS approves $125m commitment

The US public pension has backed a European private debt fund.

Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, US
AUM: $58.70 billion
Allocation to alternatives: 35.90%

Pennsylvania Public School Employees’ Retirement System has agreed to commit $125 million to Sixth Street Specialty Lending Europe II, the pension’s December 2020 board resolution states.

The $58.70 billion US public pension has a 8.50 percent allocation to private debt.

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

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