The Weekly Broadsheet of Global Private Capital

The Sovereign Wire

MONDAY, 14 SEPTEMBER 2026Allocator profiles — compiled from public filings
US public pension · US

Pennsylvania SERS

Tracked activity from public filings — commitments and public-equity (13F) holdings.

$485M
Private-market committed (tracked)
6
Tracked events
0%
Cross-border share
—
Commitment pacing
Top Managers Backed
ManagerEvents$ (tracked)
Ares PA Opportunities Fund - Direct Lending1$100M
Audax Direct Lending Solutions Fund-A1$100M
Brightwood Capital Fund IV1$100M
Permira Credit Solutions IV Master (Feeder)1$75M
Permira Susquehanna Opportunities - Credit1$60M
ICG North American Private Debt Fund II1$50M
By Strategy
StrategyEvents$
private equity6$485M
Recent Activity
DateTypeCounterparty$Source
2025-12-31allocation changeAres PA Opportunities Fund - Direct Lending$100Mpress
2025-12-31allocation changeAudax Direct Lending Solutions Fund-A$100Mpress
2025-12-31allocation changeBrightwood Capital Fund IV$100Mpress
2025-12-31allocation changeICG North American Private Debt Fund II$50Mpress
2025-12-31allocation changePermira Credit Solutions IV Master (Feeder)$75Mpress
2025-12-31allocation changePermira Susquehanna Opportunities - Credit$60Mpress

Figures reflect only what appears in public filings we track; 13F/DART entries are public-equity holdings (proxy), not private commitments.

THE SOVEREIGN WIRE · compiled from public filings & disclosures only. Not investment advice.