PSERS to invest in Morgan Stanley PE Asia’s fourth fund
Morgan Stanley Private Equity Asia (MSPEA) has received a commitment of up to $100 million for its fourth fund from Pennsylvania Public School Employees’ Retirement System (PSERS). The pension system previously invested in global funds launched by Morgan Stanley but this is the first time it has participated in one of the firm’s dedicated Asia vehicles.
The fund was one of six proposed investments that went before the PSERS board of trustees this week. The finance committee approved total commitments of up to $654 million, according to Pensions & Investments....
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