PennSERS Is Trying to Sell up to Half ($3B) of Its PE Assets

By Jonathan Marino — 4 years ago

Things haven’t been going so great over at the Pennsylvania State Employees’ Retirement System. It faces increasing obligations to pensioners, is over-allocated to private equity and has lost staff from its PE investment team. Against that backdrop, the $25 billion pension fund has been seeking buyers for as much as $3 billion worth of its PE investments, one […]