Pennsylvania SERS Commits to Three Funds
System backs Two Ardian Funds and an Oak Street real
estate fund.
System backs Two Ardian Funds and an Oak Street real
estate fund.
SERS board had postponed committing to the funds in
June over diversity concerns.
With exception of private equity, system is in sync
with new asset allocation policy.
SERS had been set to commit $125 million to Sentinel
Capital Partners.
Other
institutions using different approaches or holding off, given drop in bonds.
System
backs Sentinel Capital Partners despite board concerns.