Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, United States
Allocation to alternatives: 30.20%
Pennsylvania Public School Employees’ Retirement System has agreed to commit up to $100 million to AG Europe Realty Fund III, up to $100 million to DRA Growth and Income Fund X, and up to $100 million to Cabot Industrial Value Fund VI, according to the pension’s latest board meeting minutes.
The $55.78 billion US public pension has a 12.0 percent target allocation to real estate which currently stands at 9.90 percent.
As illustrated in the charts below, the pension has made five commitments to real estate funds with a 2019 vintage, which combined constitute $450 million.
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