Pennsylvania SERS increases exposure to energy infrastructure
The $25 billion Pennsylvania State Employees’ Retirement System (SERS) has committed a total of $300 million to two energy infrastructure funds. Both commitments are to increase Pennsylvania SERS’ exposure to energy infrastructure in the United States, which offers high total return opportunity and provides inflation protection, as outlined in Pennsylvania SERS’ 2012–13 Strategic Investment Plan.
Pennsylvania SERS invested $150 million each in energy funds managed by Harvest Fund Advisors and Kayne Anderson Capital Advisors.
Pennsylvania SERS’ 2012–13 Strategic Investment Plan for its real assets portfolio calls fo