FUNDRAISING NEWS | June 21, 2024
The Pennsylvania State Employees’ Retirement System approved a $100 million commitment to real estate and an increase in the US equities target allocation, per a June 18th news release.
$100 million was allocated to IPI Partners III-A. IPI Partners is a new manager for SERS.
Also disclosed in the news release, the Board approved a decrease in its Emerging Markets Equity target allocation by 3%. As a result, 3% will be added to its US Equity target.
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Jane Bailey is a Marketing Associate at Dakota.
