PennPSERS approves $250m in commitments

The US public pension has backed an opportunity and a debt fund.

Pennsylvania Public School Employees’ Retirement System has aproved commitments of $150 million to AG Realty Value Fund X and $100 million to LEM Multi Family Fund V.

The $56 billion US public pension has a 12 percent target allocation to real estate that currently stands at 11.7 percent.

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