DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
State retirement system
Pennsylvania Public School Employees' Retirement System
Assets
$84B
Fiduciary net position, Jun 30, 2025 reported
Funded
n/a
not filed
Private markets target
n/a
no policy read
Commitments
145
60 managers on Schedule C
Allocation policy
No allocation policy has been read for this allocator yet. Public systems get theirs from the ACFR; corporate plans from the sponsor’s 10-K; plans from Schedule H lines.
Consultants and advisers
3 firms
- Glass Lewis General consultantthrough Dec 12, 2025 Board minutes
- Verus Advisory, Inc. General consultantthrough Jun 30, 2025 ACFR
- Gallagher Actuarythrough Jun 30, 2025 ACFR
People
4 roles
Chief investment officer
Benjamin L. Cotton
Interim Executive Director & Chief Investment Officer (Jun 30, 2025) pa.gov
Benjamin L. Cotton
Interim Executive Director & Chief Investment Officer
- Richard Vague Chair, Board of TrusteesBoard chair
- Susan Lemmo Vice Chair, Board of TrusteesBoard chair
- Terrill J. Sanchez Executive DirectorExecutive director / CEO
Manager roster
62 managers on the commitment tape
From the plan’s own commitment disclosures
- Incline Equity Partners6 rows, $585M, latest Dec 31, 2025
- Summit Partners, L.P.6 rows, $575M, latest Dec 31, 2025
- Clearlake Capital Group LP6 rows, $568M, latest Dec 31, 2025
- Platinum Equity Advisors, LLC5 rows, $1.2B, latest Dec 31, 2025
- Bain Capital Ventures, LP5 rows, $509M, latest Dec 31, 2025
- Insight Venture Partners5 rows, $469M, latest Dec 31, 2025
- LLR Management Holdco, L.P.4 rows, $713M, latest Dec 31, 2025
- Apax Partners4 rows, $659M, latest Dec 31, 2025
- Partners Group Ag3 rows, $425M, latest Dec 31, 2025
- Portfolio Advisors LLC3 rows, $325M, latest Dec 31, 2025
- HG Capital Management, LLC3 rows, $300M, latest Dec 31, 2025
- Tenaya Capital3 rows, $225M, latest Dec 31, 2025
- Aisling Capital LLC3 rows, $200M, latest Dec 31, 2025
- Orchid Asia Group Management Limited3 rows, $190M, latest Dec 31, 2025
- Cross Atlantic Capital Partners, Inc.3 rows, $186M, latest Dec 31, 2025
- NEW Mountain Capital, LLC2 rows, $487M, latest Dec 31, 2025
- Strategic Partners Fund Solutions Advisors L.P.2 rows, $400M, latest Dec 31, 2025
- Versa Capital2 rows, $300M, latest Dec 31, 2025
- Crestview Partners2 rows, $300M, latest Dec 31, 2025
- Goldberg Lindsay & Co. LLC2 rows, $250M, latest Dec 31, 2025
- Oceansound Partners, LP2 rows, $250M, latest Dec 31, 2025
- Hggc, LLC2 rows, $225M, latest Dec 31, 2025
- Searchlight Capital Partners2 rows, $224M, latest Dec 31, 2025
- Hg2 rows, $216M, latest Dec 31, 2025
- Greenoaks Capital2 rows, $200M, latest Dec 31, 2025
- L Catterton2 rows, $200M, latest Dec 31, 2025
- OAK Hcft Management Company LLC2 rows, $200M, latest Dec 31, 2025
- Ngp2 rows, $200M, latest Dec 31, 2025
- Coller Investment Management Ltd2 rows, $175M, latest Dec 31, 2025
- Park Square Capital2 rows, 1 re-ups, $175M, latest Aug 21, 2025
- Blue Point Capital Partners LLC2 rows, $170M, latest Dec 31, 2025
- Hahn & Company2 rows, $150M, latest Dec 31, 2025
- Sante Ventures2 rows, $150M, latest Dec 31, 2025
- K1 Investment Management LLC2 rows, $140M, latest Dec 31, 2025
- Stellex Capital2 rows, $133M, latest Dec 31, 2025
- Milestone Partners2 rows, $126M, latest Dec 31, 2025
- Polaris Cg Singapore Pte. Ltd.2 rows, $103M, latest Dec 31, 2025
- CVC Advisors (U.S.) Inc.1 rows, $478M, latest Dec 31, 2025
- CVC Capital Partners Advisory Company Limited1 rows, $300M, latest Dec 31, 2025
- Baring Private Equity Asia Group Limited1 rows, $300M, latest Dec 31, 2025
- Black Diamond Capital Management, L.L.C.1 rows, $279M, latest Dec 31, 2025
- Apollo Management, L.P.1 rows, $225M, latest Dec 31, 2025
- Harbourvest Partners LP1 rows, $200M, latest Dec 12, 2025
- Bridgepoint Capital Partners, LLC1 rows, $155M, latest Dec 31, 2025
- Trilantic North America1 rows, $150M, latest Dec 31, 2025
- Irving Place Capital Management, L.P.1 rows, $150M, latest Dec 31, 2025
- PAI Partners1 rows, $123M, latest Dec 31, 2025
- Venor Capital Management LP1 rows, $100M, latest Dec 31, 2025
- Clayton Dubilier & Rice LLC1 rows, $100M, latest Dec 31, 2025
- Actis GP1 rows, $100M, latest Dec 31, 2025
- The Energy & Minerals Group1 rows, $100M, latest Dec 31, 2025
- Capital International, Inc.1 rows, $100M, latest Dec 31, 2025
- L Catterton1 rows, $100M, latest Dec 31, 2025
- TDR Capital LLP1 rows, $95.8M, latest Dec 31, 2025
- Avenue Capital Management II, L.P.1 rows, $75.0M, latest Dec 31, 2025
- Sterling Fund Management, LLC1 rows, $75.0M, latest Dec 31, 2025
- Denham Capital Management LP1 rows, $75.0M, latest Dec 31, 2025
- Webster Equity Partners, L.P.1 rows, $75.0M, latest Dec 31, 2025
- Equistone1 rows, $69.4M, latest Dec 31, 2025
- Starvest Management, Inc.1 rows, $50.0M, latest Dec 31, 2025
Commitments
145 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2025 | CVC European Equity Partners V (A), L.P. | CVC Advisors (U.S.) Inc. | Private equity | $478M | 2008 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Cerberus Institutional Partners, L.P.(Series Four) | unresolved | Private equity | $400M | 2006 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Platinum Equity Capital Partners-A II, L.P. | Platinum Equity Advisors, LLC | Private equity | $300M | 2007 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Platinum Equity Capital Partners IV, L.P. | Platinum Equity Advisors, LLC | Private equity | $300M | 2016 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | CVC Capital Partners Asia Pacific III, L.P. | CVC Capital Partners Advisory Company Limited | Private equity | $300M | 2008 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Baring Asia Private Equity Fund IV, L.P. | Baring Private Equity Asia Group Limited | Private equity | $300M | 2007 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Platinum Equity Capital Partners V, L.P. | Platinum Equity Advisors, LLC | Private equity | $300M | 2019 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | New Mountain Partners III L.P. | NEW Mountain Capital, LLC | Private equity | $287M | 2007 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | GSC Recovery II, L.P. | Black Diamond Capital Management, L.L.C. | Private equity | $279M | 2000 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Apax Europe VII, L.P. | Apax Partners | Private equity | $274M | 2007 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Strategic Partners Fund VII, L.P. | Strategic Partners Fund Solutions Advisors L.P. | Private equity | $250M | 2016 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Partners Group Secondary 2008, L.P.secondary | Partners Group Ag | Private equity | $235M | 2007 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Apollo Investment Fund IX, L.P. | Apollo Management, L.P. | Private equity | $225M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | LLR Equity Partners V, L.P. | LLR Management Holdco, L.P. | Private equity | $200M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Cerberus Institutional Partners V, L.P. | unresolved | Private equity | $200M | 2012 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Actis Emerging Markets 3, L.P. | unresolved | Private equity | $200M | 2007 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | New Mountain Partners V, L.P. | NEW Mountain Capital, LLC | Private equity | $200M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | LLR Equity Partners IV, L.P. | unresolved | Private equity | $200M | 2012 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Cerberus Institutional Partners VI, L.P. | unresolved | Private equity | $200M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | LLR Equity Partners VI, L.P. | LLR Management Holdco, L.P. | Private equity | $200M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | HS Group Sponsor Fund II | unresolved | Private equity | $190M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | LLR Equity Partners III, L.P. | LLR Management Holdco, L.P. | Private equity | $188M | 2008 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Platinum Equity Small Cap Fund, L.P. | Platinum Equity Advisors, LLC | Private equity | $160M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | The Fourth Cinven Fund, L.P. | unresolved | Private equity | $159M | 2006 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Bridgepoint Development Capital IV, L.P. | Bridgepoint Capital Partners, LLC | Private equity | $155M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Versa Capital Fund II, L.P. | Versa Capital | Private equity | $150M | 2008 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Lindsay Goldberg V, L.P. | Goldberg Lindsay & Co. LLC | Private equity | $150M | 2019 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Trilantic Capital Partners VI (North America), L.P. | Trilantic North America | Private equity | $150M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Summit Partners Growth Equity Fund XI-A, L.P. | Summit Partners, L.P. | Private equity | $150M | 2021 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Bain Capital Asia Fund IV-B, L.P. | Bain Capital Ventures, LP | Private equity | $150M | 2019 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Searchlight Capital III, L.P. | Searchlight Capital Partners | Private equity | $150M | 2019 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Insight Partners XI, L.P. | Insight Venture Partners | Private equity | $150M | 2019 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Clearlake Capital Partners VI, L.P. | Clearlake Capital Group LP | Private equity | $150M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Apax X USD, L.P. | Apax Partners | Private equity | $150M | 2019 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Incline Equity Partners V, L.P. | Incline Equity Partners | Private equity | $150M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Irving Place Capital Partners III SPV, L.P. | Irving Place Capital Management, L.P. | Private equity | $150M | 2006 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Strategic Partners Fund VI, L.P. | Strategic Partners Fund Solutions Advisors L.P. | Private equity | $150M | 2014 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Portfolio Advisors Secondary Fund IV, L.P.secondary | Portfolio Advisors LLC | Private equity | $150M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Crestview Partners, L.P. | Crestview Partners | Private equity | $150M | 2004 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Versa Capital Fund III, L.P. | Versa Capital | Private equity | $150M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Summit Partners Growth Equity Fund X-A, L.P. | Summit Partners, L.P. | Private equity | $150M | 2019 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Crestview Partners III, L.P. | Crestview Partners | Private equity | $150M | 2013 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Apax Digital II, L.P. | Apax Partners | Private equity | $135M | 2021 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Co-Investment Fund II, L.P.co investment | Cross Atlantic Capital Partners, Inc. | Private equity | $135M | 2005 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Bain Capital Asia Fund III-A, L.P. | Bain Capital Ventures, LP | Private equity | $130M | 2016 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | LLR Equity Partners VII, L.P. | LLR Management Holdco, L.P. | Private equity | $125M | 2023 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Incline Equity Partners VI, L.P. | Incline Equity Partners | Private equity | $125M | 2022 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Portfolio Advisors Secondary Fund III, L.P.secondary | Portfolio Advisors LLC | Private equity | $125M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Bain Capital Fund XII-A, L.P. | Bain Capital Ventures, LP | Private equity | $125M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | HGGC Fund III, L.P. | Hggc, LLC | Private equity | $125M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Platinum Equity Capital Partners-A, L.P. | Platinum Equity Advisors, LLC | Private equity | $125M | 2003 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Bridgepoint Europe VI, L.P. | unresolved | Private equity | $124M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | PAI Europe VII, L.P. | PAI Partners | Private equity | $123M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Hahn & Company III L.P. | Hahn & Company | Private equity | $113M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | HgCapital 8 D, L.P. | Hg | Private equity | $109M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Hg Genesis 9 L.P. | Hg | Private equity | $107M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | North Haven Private Equity Asia IV, L.P. | unresolved | Private equity | $100M | 2013 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Partners Group Secondary 2011 (USD), L.P. Inc.secondary | Partners Group Ag | Private equity | $100M | 2011 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Apax Digital, L.P. | Apax Partners | Private equity | $100M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Stellex Capital Partners III, L.P. | Stellex Capital | Private equity | $100M | 2024 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Summit Partners Growth Equity Fund IX-A, L.P. | Summit Partners, L.P. | Private equity | $100M | 2016 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Venor Special Situations Fund II, L.P. | Venor Capital Management LP | Private equity | $100M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Lindsay Goldberg VI, L.P. | Goldberg Lindsay & Co. LLC | Private equity | $100M | 2025 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Clearlake Capital Partners V, L.P. | Clearlake Capital Group LP | Private equity | $100M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Aisling Capital IV, L.P. | Aisling Capital LLC | Private equity | $100M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Clearlake Capital Partners VIII, L.P. | Clearlake Capital Group LP | Private equity | $100M | 2023 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Clayton Dubilier & Rice Fund XII LP | Clayton Dubilier & Rice LLC | Private equity | $100M | 2023 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Bain Capital Asia Fund II, L.P. | Bain Capital Ventures, LP | Private equity | $100M | 2012 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Insight Venture Partners X, L.P. | Insight Venture Partners | Private equity | $100M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Tenaya Capital VII, L.P. | Tenaya Capital | Private equity | $100M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Greenoaks Capital Opportunities Fund V LP | Greenoaks Capital | Private equity | $100M | 2023 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Actis Global 4, L.P. | Actis GP | Private equity | $100M | 2011 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Blue Point Capital Partners II (B), L.P. | Blue Point Capital Partners LLC | Private equity | $100M | 2006 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | HGGC Fund II, L.P. | Hggc, LLC | Private equity | $100M | 2014 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | L Catterton VIII, L.P. | L Catterton | Private equity | $100M | 2016 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Oak HC/FT Partners IV, L.P. | OAK Hcft Management Company LLC | Private equity | $100M | 2021 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Hg Saturn 4 A | HG Capital Management, LLC | Private equity | $100M | 2025 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Hg Saturn 3 A L.P. | HG Capital Management, LLC | Private equity | $100M | 2022 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Hg Saturn 2 A L.P. | HG Capital Management, LLC | Private equity | $100M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Summit Partners Growth Equity Fund VIII-A, L.P. | Summit Partners, L.P. | Private equity | $100M | 2012 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Greenoaks Capital Opportunities Fund III | Greenoaks Capital | Private equity | $100M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | The Energy & Minerals Group Fund III, L.P. | The Energy & Minerals Group | Private equity | $100M | 2013 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | NGP Natural Resources X, L.P. | Ngp | Private equity | $100M | 2011 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Capital International Private Equity Fund VI, L.P. | Capital International, Inc. | Private equity | $100M | 2011 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | OceanSound Partners Fund II, LP | Oceansound Partners, LP | Private equity | $100M | 2022 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Oak HC/FT Partners V, L.P. | OAK Hcft Management Company LLC | Private equity | $100M | 2022 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | NGP Natural Resources XI, L.P. | Ngp | Private equity | $100M | 2014 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Coller International Partners VII, L.P. - Series A | Coller Investment Management Ltd | Private equity | $100M | 2014 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Catterton Partners VII, L.P. | L Catterton | Private equity | $100M | 2012 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | K4 Private Investors, L.P. | K1 Investment Management LLC | Private equity | $100M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | L Catterton Growth Partners III, L.P. | L Catterton | Private equity | $100M | 2016 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | TDR Capital V L.P. | TDR Capital LLP | Private equity | $95.8M | 2023 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Honeydew Co-Invest, L.P.co investment | Insight Venture Partners | Private equity | $93.8M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Incline Equity Partners IV, L.P. | Incline Equity Partners | Private equity | $90.0M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Partners Group Secondary 2015 (USD) A, L.P.secondary | Partners Group Ag | Private equity | $90.0M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Clearlake Capital Partners VII, L.P. | Clearlake Capital Group LP | Private equity | $85.0M | 2021 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Crown CG Private Equity Fund 2019, L.P. | Polaris Cg Singapore Pte. Ltd. | Private equity | $82.1M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Incline Elevate Fund II, L.P. | Incline Equity Partners | Private equity | $80.0M | 2022 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Coller International Partners VI, L.P. | Coller Investment Management Ltd | Private equity | $75.3M | 2010 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Sante Health Ventures IV | Sante Ventures | Private equity | $75.0M | 2021 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Clearlake Flagship Plus Partners, L.P. | Clearlake Capital Group LP | Private equity | $75.0M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Insight Partners XII, L.P. | Insight Venture Partners | Private equity | $75.0M | 2021 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Incline Elevate Fund, L.P. | Incline Equity Partners | Private equity | $75.0M | 2019 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Tenaya Capital V-P, L.P. | Tenaya Capital | Private equity | $75.0M | 2007 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Avenue Special Situations Fund VI, L.P. | Avenue Capital Management II, L.P. | Private equity | $75.0M | 2010 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Orchid Asia VII, L.P. | Orchid Asia Group Management Limited | Private equity | $75.0M | 2017 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Orchid Asia VI, L.P. | Orchid Asia Group Management Limited | Private equity | $75.0M | 2014 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Insight Opportunities Fund I, L.P. | unresolved | Private equity | $75.0M | 2020 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Sante Health Ventures III | Sante Ventures | Private equity | $75.0M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Sterling Capital Partners, L.P. | Sterling Fund Management, LLC | Private equity | $75.0M | 2002 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Catterton Growth Partners II, L.P. | unresolved | Private equity | $75.0M | 2013 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Denham Commodity Partners Fund VI, L.P. | Denham Capital Management LP | Private equity | $75.0M | 2011 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Webster Capital IV, L.P. | Webster Equity Partners, L.P. | Private equity | $75.0M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Searchlight Capital II, L.P. | Searchlight Capital Partners | Private equity | $74.0M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Blue Point Capital Partners IV, L.P. | Blue Point Capital Partners LLC | Private equity | $70.0M | 2018 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Milestone Partners IV, L.P. | Milestone Partners | Private equity | $70.0M | 2011 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Equistone Partners Europe Fund V E, L.P. | Equistone | Private equity | $69.4M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Incline Equity Partners III (PSERS), L.P. | Incline Equity Partners | Private equity | $65.0M | 2011 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Clearlake Capital Partners IV, L.P. | Clearlake Capital Group LP | Private equity | $57.5M | 2015 | Disclosed holding | pa.gov |
| as of Dec 31, 2025 | Milestone Partners FS 2, L.P. | Milestone Partners | Private equity | $55.8M | 2019 | Disclosed holding | pa.gov |
Size and funding
54 readings
Commitment history
7 decisions the board record started
One line per vehicle, folded across the board’s own minutes and the plan’s later reports: when the item was proposed or recommended, when the board approved it, when the closing was dated, and when the position first showed up in a report. A line is closed only when a closing date exists; held means the plan reports the position without one on this graph.
| Vehicle | Manager | Amount | State | Proposed | Approved | Closed | First reported | Other LPs |
|---|---|---|---|---|---|---|---|---|
| HarbourVest Partners, LLC | Harbourvest Partners LP | $200M | approved | - | Dec 12, 2025 | - | - | - |
| Cabot Industrial Value Fund VIII, L.P. | n/a | $150M | approved | - | Dec 12, 2025 | - | - | - |
| OceanSound Partners Fund III | Oceansound Partners, LP | $150M | approved | - | Dec 12, 2025 | - | - | 1 |
| LEM Multifamily Fund VII, L.P. | n/a | $100M | approved | - | Dec 12, 2025 | - | - | - |
| Park Square Capital U.S. Loan Partners I LP | Park Square Capital | $100M | approved | - | Aug 21, 2025 | - | - | - |
| DIF Infrastructure Fund VIII SCSp | n/a | n/a | approved | - | Aug 21, 2025 | - | - | - |
| Park Square Capital | Park Square Capital | $75.0M | approved | - | Aug 21, 2025 | - | - | - |
What changed
151 events
- Sep 14, 2026Re-up prospectreport dateinferencePennsylvania Public School Employees' Retirement System holds Oak HC/FT Partners V, L.P. ($100M); the manager is raising: Oak HC/FT Partners VI, L.P. (fundraising, first ADV report 2026-09-14); no commitment to it on the graphwith OAK Hcft Management Company LLCno URL
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Portfolio Advisors Secondary Fund IV, L.P.: $150M committed (Portfolio Advisors LLC) (as of 2025-12-31)with Portfolio Advisors LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Versa Capital Fund III, L.P.: $150M committed (as of 2025-12-31)with Versa Capitalpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Bridgepoint Development Capital IV, L.P.: $155M committed (Bridgepoint Capital Partners, LLC) (as of 2025-12-31)with Bridgepoint Capital Partners, LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Incline Equity Partners V, L.P.: $150M committed (as of 2025-12-31)with Incline Equity Partnerspa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Insight Venture Partners X, L.P.: $100M committed (as of 2025-12-31)with Insight Venture Partnerspa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Cerberus Institutional Partners, L.P.(Series Four): $400M committed (as of 2025-12-31)
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Webster Capital IV, L.P.: $75M committed (Webster Equity Partners, L.P.) (as of 2025-12-31)with Webster Equity Partners, L.P.pa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Orchid Asia VI, L.P.: $75M committed (Orchid Asia Group Management Limited) (as of 2025-12-31)with Orchid Asia Group Management Limitedpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Co-Investment Fund II, L.P.: $135M committed (Cross Atlantic Capital Partners, Inc.) (as of 2025-12-31)with Cross Atlantic Capital Partners, Inc.pa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Tenaya Capital VI, L.P.: $50M committed (as of 2025-12-31)with Tenaya Capitalpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Tenaya Capital V-P, L.P.: $75M committed (as of 2025-12-31)with Tenaya Capitalpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Summit Partners Venture Capital Fund IV-A, L.P.: $50M committed (Summit Partners, L.P.) (as of 2025-12-31)with Summit Partners, L.P.pa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Valar Velocity Fund 2 LP: $30M committed (Valar Ventures) (as of 2025-12-31)with Valar Venturespa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Sante Health Ventures III: $75M committed (Sante Ventures) (as of 2025-12-31)with Sante Venturespa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports NGP Natural Resources X, L.P.: $100M committed (as of 2025-12-31)with Ngppa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Hg Saturn 2 A L.P.: $100M committed (HG Capital Management, LLC) (as of 2025-12-31)with HG Capital Management, LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Bain Capital Asia Fund III-A, L.P.: $130M committed (Bain Capital Ventures, LP) (as of 2025-12-31)with Bain Capital Ventures, LPpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Gasherbrum Fund II, L.P.: $40M committed (K1 Investment Management LLC) (as of 2025-12-31)with K1 Investment Management LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Equistone Partners Europe Fund V E, L.P.: $69M committed (as of 2025-12-31)with Equistonepa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Orchid Asia VII, L.P.: $75M committed (Orchid Asia Group Management Limited) (as of 2025-12-31)with Orchid Asia Group Management Limitedpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Clearlake Capital Partners VIII, L.P.: $100M committed (Clearlake Capital Group, L.P.) (as of 2025-12-31)with Clearlake Capital Group LPpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Apax Europe VII, L.P.: $274M committed (Apax Partners LLP) (as of 2025-12-31)with Apax Partnerspa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports L Catterton Growth Partners III, L.P.: $100M committed (as of 2025-12-31)with L Cattertonpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Bain Capital Asia Fund II, L.P.: $100M committed (Bain Capital Ventures, LP) (as of 2025-12-31)with Bain Capital Ventures, LPpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports HGGC Fund II, L.P.: $100M committed (Hggc, LLC) (as of 2025-12-31)with Hggc, LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Aisling Capital III, L.P.: $50M committed (Aisling Capital LLC) (as of 2025-12-31)with Aisling Capital LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Actis Emerging Markets 3, L.P.: $200M committed (as of 2025-12-31)
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports North Haven Private Equity Asia IV, L.P.: $100M committed (as of 2025-12-31)
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Summit Partners Growth Equity Fund IX-A, L.P.: $100M committed (Summit Partners, L.P.) (as of 2025-12-31)with Summit Partners, L.P.pa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Actis Global 4, L.P.: $100M committed (Actis GP) (as of 2025-12-31)with Actis GPpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Searchlight Capital III, L.P.: $150M committed (Searchlight Capital Partners) (as of 2025-12-31)with Searchlight Capital Partnerspa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Clearlake Capital Partners V, L.P.: $100M committed (Clearlake Capital Group, L.P.) (as of 2025-12-31)with Clearlake Capital Group LPpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Milestone Partners IV, L.P.: $70M committed (as of 2025-12-31)with Milestone Partnerspa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Coller International Partners VI, L.P.: $75M committed (Coller Investment Management Ltd) (as of 2025-12-31)with Coller Investment Management Ltdpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Venor Special Situations Fund II, L.P.: $100M committed (Venor Capital Management LP) (as of 2025-12-31)with Venor Capital Management LPpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Clearlake Capital Partners IV, L.P.: $58M committed (Clearlake Capital Group, L.P.) (as of 2025-12-31)with Clearlake Capital Group LPpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Insight Opportunities Fund I, L.P.: $75M committed (as of 2025-12-31)
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Irving Place Capital Partners III SPV, L.P.: $150M committed (Irving Place Capital Management, L.P.) (as of 2025-12-31)with Irving Place Capital Management, L.P.pa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Hg Saturn 4 A: $100M committed (HG Capital Management, LLC) (as of 2025-12-31)with HG Capital Management, LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Capital International Private Equity Fund VI, L.P.: $100M committed (Capital International, Inc.) (as of 2025-12-31)with Capital International, Inc.pa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Insight Partners XI, L.P.: $150M committed (Insight Venture Partners) (as of 2025-12-31)with Insight Venture Partnerspa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Aisling Capital IV, L.P.: $100M committed (Aisling Capital LLC) (as of 2025-12-31)with Aisling Capital LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Tenaya Capital VII, L.P.: $100M committed (as of 2025-12-31)with Tenaya Capitalpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports The Fourth Cinven Fund, L.P.: $159M committed (as of 2025-12-31)
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Catterton Partners VII, L.P.: $100M committed (L Catterton) (as of 2025-12-31)with L Cattertonpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports The Energy & Minerals Group Fund III, L.P.: $100M committed (as of 2025-12-31)with The Energy & Minerals Grouppa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Avenue Special Situations Fund VI, L.P.: $75M committed (Avenue Capital Management II, L.P.) (as of 2025-12-31)with Avenue Capital Management II, L.P.pa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Lindsay Goldberg VI, L.P.: $100M committed (Goldberg Lindsay & Co. LLC) (as of 2025-12-31)with Goldberg Lindsay & Co. LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports NGP Natural Resources XI, L.P.: $100M committed (as of 2025-12-31)with Ngppa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports GSC Recovery II, L.P.: $279M committed (Black Diamond Capital Management, L.L.C.) (as of 2025-12-31)with Black Diamond Capital Management, L.L.C.pa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Stellex Capital Partners III, L.P.: $100M committed (as of 2025-12-31)with Stellex Capitalpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Aisling Capital II L.P.: $50M committed (Aisling Capital LLC) (as of 2025-12-31)with Aisling Capital LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Cerberus Institutional Partners V, L.P.: $200M committed (as of 2025-12-31)
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports CVC Capital Partners Asia Pacific III, L.P.: $300M committed (CVC Capital Partners Advisory Company Limited) (as of 2025-12-31)with CVC Capital Partners Advisory Company Limitedpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Hahn & Company III L.P.: $112M committed (as of 2025-12-31)with Hahn & Companypa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Hg Saturn 3 A L.P.: $100M committed (HG Capital Management, LLC) (as of 2025-12-31)with HG Capital Management, LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Portfolio Advisors Secondary Fund III, L.P.: $125M committed (Portfolio Advisors LLC) (as of 2025-12-31)with Portfolio Advisors LLCpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports TDR Capital V L.P.: $96M committed (TDR Capital LLP) (as of 2025-12-31)with TDR Capital LLPpa.gov
- Dec 31, 2025Commitment disclosedreport datePennsylvania Public School Employees' Retirement System reports Clearlake Capital Partners VII, L.P.: $85M committed (Clearlake Capital Group, L.P.) (as of 2025-12-31)with Clearlake Capital Group LPpa.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 227357
Cross-graph: private equity LP tape (cited), venture LP tape (cited)
First observed Sep 15, 2026, last observed Sep 16, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.