PSERS re-ups as Orchid Asia seeks $750m for sixth China fund
Pennsylvania Public School Employees’ Retirement System (PSERS) has committed up to $75 million to Orchid Asia’s sixth China fund, which has a target of $750 million.
The pension system, which had $51.4 billion in assets under management as of March 2014, approved the investment at a board meeting earlier this month. It committed $40 million to Orchid's previous fund,...
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