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Pennsylvania Teachers Fund Pledges $350 Million for Private-Equity Deals

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Pennsylvania’s largest public pension fund plans to commit as much as $350 million to boost its investments in private infrastructure and growth equity.

The board of the roughly $75 billion Pennsylvania Public School Employees’ Retirement System on Friday approved commitments of up to $250 million to a separately managed account with GCM Grosvenor Inc. and up to $100 million to a new fund managed by Greenoaks Capital Partners.

The…