The Pennsylvania State Employees’ Retirement System (PSERS) has appointed RV Kuhns & Associates and StepStone Group as general investment and alternative investments consultant, respectively. They will be appointed in place of Rocaton Investment Advisors and Cambridge Associates.
Roacton and Cambridge, which were with the system for some 20 years, will see through the transition of duties and obligations. In another move, the board pledged a maximum of $75 million in cash to Blackstone Real Estate Partners VII as a follow-on investment.
Click here for the release from Pennsylvania State Employees’ Retirement System.
