Pennsylvania State Employees' Retirement System

Also known as Pennsylvania SERS

Public Pension FundHarrisburg, United StatesFounded 1923
$37.5B
Assets Under Management
Harrisburg
Headquarters

About Pennsylvania State Employees' Retirement System

Pennsylvania State Employees Retirement System's investment portfolio is valued at $37.50 billion as of March 31, 2024, with investments in publicly traded equities, real estate, private equity, fixed-income securities, hedge funds, infrastructure, and cash. As of March 31, 2024, the private equity portfolio was valued at $6.78 billion, representing 18.1% of the total portfolio. The private equity allocation consists of $3.61 billion invested in buyout strategies. This is an increase compared to September 30, 2023, when the private equity portfolio was valued at $6.85 billion. The private equity portfolio is currently within the target allocation range of 14% to 18%. Investments in private equity include buyouts, co-investment, mezzanine, secondaries, diversified private equity, private equity growth expansion, and venture capital strategies diversified in geographical locations across the globe. The plan's investments are governed by an eleven-member retirement board, with Mr. Gregory Thall serving as Chairman of the Board of Directors. NEPC, Callan Associates, and Stepstone Group serve as LP Consultants.

Preferred Investment Types

Angel FundBuyoutCo-InvestmentCredit Special SituationsDirect LendingDistressed DebtFund of FundsGrowth/ExpansionInfrastructure - GeneralInfrastructure CoreMezzanineOil/GasReal Estate CoreReal Estate Core PlusReal Estate DebtReal Estate DistressedReal Estate OpportunisticReal Estate Value Added

Preferred Geographies

AfricaAlbertaAsiaCaliforniaCanadaChinaColoradoConnecticutDC MetroDelawareDenmarkDistrict of ColumbiaEast AsiaEastern AfricaEastern EuropeEuropeFloridaFrance

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Frequently asked questions

What type of investor is Pennsylvania State Employees' Retirement System?

Pennsylvania State Employees' Retirement System is a public pension fund based in Harrisburg, United States, managing approximately $37.5B in assets.

Where is Pennsylvania State Employees' Retirement System headquartered?

Pennsylvania State Employees' Retirement System is headquartered in Harrisburg, United States.

How much does Pennsylvania State Employees' Retirement System manage?

Pennsylvania State Employees' Retirement System manages approximately $37.5B in assets under management.

When was Pennsylvania State Employees' Retirement System founded?

Pennsylvania State Employees' Retirement System was founded in 1923.

What does Pennsylvania State Employees' Retirement System invest in?

Pennsylvania State Employees' Retirement System focuses on Angel Fund, Buyout, Co-Investment, Credit Special Situations, Direct Lending, Distressed Debt, Fund of Funds, Growth/Expansion.

How can I contact Pennsylvania State Employees' Retirement System?

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