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Investors - JANUARY 14, 2022

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PSERS commits $250m to infrastructure fund

by Kali Persall

The $72.5 billion Pennsylvania Public School Employees' Retirement System (PSERS) has approved a $250 million commitment to Keystone Partners/International Infrastructure Finance Company III.

Keystone Partners is an independent corporate finance and advisory firm with more than 50 years of experience and strong relationships across the M&A sector.

In January, PSERS unanimously voted to appoint Terrill (Terri) Sanchez as interim executive director, following the retirement of Glen Grell after seven years as the pension fund’s leader.

In December 2021, the pension fund appointed Bob Devine as its acting CIO. Devine, formerly the fixed income managing director of PSERS, will fill the role while the board conducts a nationwide search to find a permanent replacement for fo

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