Return to search

Portfolio Advisors receives commitment from PSERS

The US public pension has backed Portfolio Advisors' fourth PE secondaries fund.

Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
AUM: $55.78bn
Allocation to alternatives: 34.90%
Bitesize: $50-100m

Pennsylvania Public School Employees’ Retirement System has agreed to commit $150 million to Portfolio Advisors Secondary Fund IV, according to a press release on the pension’s website. PSERS previously committed $125 million to the fund’s predecessor in 2017.

As illustrated in the charts below, PSERS’ recent secondaries commitments have tended to target funds focusing on private equity secondaries transactions.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.