Tennessee Consolidates pledges $510 million to 3 managers pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Kentucky Teachers assigns up to $130 million to 2 Carlyle funds
Carlyle Group totaling up to $130 million.
The $23.9 billion pension fund committed up to $80 million to opportunistic real estate fund Carlyle Realty Partners IX and up to $50 million to open-end infrastructure fund Carlyle Renewable & Sustainable Energy Fund, said Robert B. Barnes, deputy executive secretary and general counsel.
The pension fund previously committed $52 million to Carlyle Europe Partners V in 2018.
As of Dec. 31, the pension fund’s actual allocation to alternative investments was 6.5%; the target is 7%.
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PennPSERs puts $375 million into 2 alts funds
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Pennsylvania Public School Employees Retirement System, Harrisburg, committed $375 million to two alternatives funds, documents from the $64.2 billion pension fund show.
At its March 5 meeting, the board agreed to commit $200 million to Carlyle Realty Partners IX, an opportunistic real estate fund by
Carlyle Group; and $175 million to Apax Digital II, a growth buyout fund managed by
Apax Partners that targets midmarket technology companies.
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