Lots of public pension systems report new commitments to private equity funds, but only the Pennsylvania State Employees’ Retirement System provides in-depth detail about the funds themselves. Each time PSERS commits, private markets director Charles Spiller writes up a few pages for our consumption — including fund investment strategy, size target and team.
Here’s the latest batch, including the latest mega-buyout fund from TPG and a new “growth equity” vehicle from Catterton Partners:
TPG Partners VI
tpg_vi.pdf
Catterton Growth Partners
catterton.pdf
CVC European Equity Partners V
CVC.pdf
HSBC Private Equity Fund 6
HSBC.pdf
Vesra Capital Fund II
versa_ii.pdf