Return to search

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.

Platinum subscribers may click here for PennPSERS’s full profile, including key contacts, allocation strategy and fund investments.