PSERS invests $100m in Coller VII

The Pennsylvania Public School Employees’ Retirement System (PSERS) has invested up to $100 million in Coller International Partners VII, according to documents from its 30 April board meeting.

The commitment marks PSERS’ second to a secondaries fund this year, having committed $100 million to Partners Group 2015 Secondary Fund in March. PSERS also previously invested in Coller’s predecessor vehicle – Coller International Partners VI – according to PEI’s Research and Analytics division.

A spokesperson from PSERS declined to comment further on the $52 billion pension’s secondaries strategy.

Coller VII launched last year with a $5.5 billion target and a $6 billion hard-cap. The fund has yet to hold a first close but is expected to hold a final close by year-end. It has also received a $75 million commitment from the Louisiana State Employees’ Retirement System and another $50 million from the New Hampshire Retirement System.

Coller declined to comment.