Jul 28, 2026BoardMeeting
BoardPennsylvania State Employees' Retirement Board News Release
The Board approved a private equity investment commitment of up to $150 million in The Resolute Fund VII, L.P. Additionally, the Board authorized amending the investment agreement with Xponance to transition their strategy from active international small cap to a passive U.S. equity strategy benchmarked against the Russell 3000 index, involving a $2 billion investment. The Board also discussed the implementation of a cost-of-living adjustment for eligible retirees as part of the commonwealth's budget, noting that the legislative funding mechanism avoids an increase to the employer contribution rate.