Pennsylvania State Employees’ Retirement System

Pennsylvania State Employees’ Retirement System is a multi-employer cost-sharing defined-benefit public pension fund based in Harrisburg, Pennsylvania. Established in 1923, the plan provides retirement, annuity, health, and disability benefits to eligible government employees. It primarily invests in alternative investment strategies including buyouts, distressed debt, turnarounds, energy, oil & gas, international private equity, limited partnership secondaries, mezzanine, and venture capital. The assets are managed by an eleven-member retirement board.

Country

United States

AUM

$39

Performance (%, 1YR)

9.80

Chief Executive

Joseph Torta

Chief Investment Officer

James Nolan

Chair

Gregory Thall

Asset allocation

17.4% Private Equity

5.7% Real Estate

37.4% US Equity

11.5% International Developed Markets Equity

1.2% Emerging Markets Equity

18.1% Fixed Income

2.5% TIPS

5.3% Cash

0.9% Legacy Private Credit

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