FUNDRAISING NEWS | October 25, 2022
The Pennsylvania Public School Employees’ Retirement System (PSERS) has disclosed commits of up to $445 million across four alternative investments.
Real Estate
$175 million was committed to value-add real estate fund, Cabot Industrial Value Fund VII. The fund will build and acquire mid-sized industrial warehouses primarily in North America but will explore European and Asian markets. In addition, $125 million was committed to value-add fund, DRA Growth and Income Master Fund XI, managed by DRA Advisors. The fund will have a large exposure to secondary markets.
Private Equity
In private equity, $125 million was committed to Incline Equity Partners Fund VI. Fund VI is a middle market buyout fund. $20 million was also committed to venture capital fund, Insight Vision Capital II. Fund II will operate as a fund-of-funds vehicle as a passive investor.
Hamilton Lane, PSERS’ private equity and real estate consultant, assisted with due diligence.
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Written By: Koncheng Moua, Director of Data Management and Strategy
Koncheng Moua is the Director of Data Management and Strategy at Dakota.
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