Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, US
AUM: $55.10 billion
Allocation to alternatives: 32.60%
Pennsylvania Public School Employees’ Retirement System has agreed to commit $175 million to PGIM Real Estate Capital VII, published in pension’s August 2020 meeting minutes report.
The $55.10 billion US public pension has an 8.0 percent target allocation to real estate that currently stands at 8.8 percent.
As illustrated below, the pension fund’s recent commitments are to funds focused on the industrial, retail, office and residential sectors within the North America and Europe regions.
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