PSERS to offer fund stakes on secondary market as it shrinks PE portfolio

Pennsylvania Public Schools Employee Retirement System, pension fund, private equity, Lindsay Goldberg
The Harrisburg Pennsylvania skyline. WilliamSherman/iStock/Getty Images
Pennsylvania State Employees’ Retirement System is following a strategy employed by other U.S. public pensions, aiming to shrink the number of relationships in its private equity portfolio and concentrate larger checks to fewer GPs this year. Other public systems have gone ...

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