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PennPSERS approves $100m commitment

The US public pension has backed a unlisted equity fund.

Pennsylvania Public School Employees' Retirement System’s board has committed $100 million to GCM Grosvenor Customized Infrastructure Strategies II.

The $50 billion US public pension has a 0.5 percent current allocation to infrastructure.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.