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PSERS Commits

The Pennsylvania State Employees' Retirement Board has made the following fund commitments: $30 million to Advent Latin American Private Equity Fund IV; $15 million to PNC Equity Partners II, Euro 10 million to Alpha Private Equity Fund 5. PSERS also retained Cambridge Associates as its alternative investment consultant for the next five years, following an RFP process. Cambridge's contract had been set to expire next year. www.sers.state.pa.us