PSERS commits $100m

The US public pension fund $100 million to a distressed debt fund.

Pennsylvania Public School Employees' Retirement System (PSERS) approves a $100 million commitment to Avenue Energy Opportunities Fund II.

PSERS allocated 42 percent to Opportunistic, 36 percent to Senior Loans, 12 percent to Mezzanine and 10 percent to Real Assets in its High Yield portfolio, as at December 2016.

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