Pennsylvania PSERS Commits $350M To Private Equity, Private Credit

The Pennsylvania Public School Employees Retirement System has revealed two commitments that were approved at the January 20 meeting.

$100 million was committed to middle market buyout fund, Clayton, Dubilier & Rice Fund XII. The private equity fund primarily invests in U.S. and Western European companies.

In Private Credit, $250 million was committed to the direct lending fund, Sixth Street Lending Partners.

As of June 30, 2022, PSERS’ allocates 17.1% to private equity.

As of June 30, 2022, PSERS’ allocates 7.5% to private credit.

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