PennPSERS furthers RE investments in US

The US pension fund committed additional $300m to its long-time RE managers.

Pennsylvania Public School Employees’ Retirement System (PennPSERS) revealed in its board meeting documents that it has committed $100 million to Ares US Real Estate Fund IX and $200 million to Carlyle Realty Partners VIII.

PennPSERS has been the investor in the fund series of Carlyle’s Realty Partners and Ares’s US Real Estate Fund.

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