Pennsylvania State Employees' Retirement System
The Pennsylvania State Employees' Retirement System (PennSERS) is a government agency founded in 1923 and headquartered in the United States. PennSERS administers retirement benefits for nearly a quarter-million current and former Pennsylvania employees, their beneficiaries and survivors, managing nearly $38 billion in assets as of December 31, 2022. It oversees four retirement plans: a Defined Benefit Plan, Defined Contribution Plan, Hybrid Plan, and Deferred Compensation Plan. Industries it has a preference for include: Diversified/Conglomerates, Aerospace, Biotechnology, Business Services, Chemicals, Real Estate, Construction, Consumer Discretionary, Consumer Products (CPG; FMCG), Consumer Services, Defence, Education/Training, Hardware, Energy & Utilities, Environmental Services, Insurance, Financial Services, Food & Beverage, Forestry & Timber, Healthcare, Healthcare Specialist, Real Estate Operations, Industrials, IT Services, Information Technology, Software/Internet, Logistics & Distribution, Marketing/Advertising, Manufacturing, Media (Text; Video; Audio), Medical Devices & Equipment, Mining, Oil & Gas, HR & Recruitment, Pharmaceuticals, Power & Utilities, Raw Materials & Natural Resources, Renewable Energy, Retail, Telecoms & Data, Telecoms & Media, Transportation Services, and Travel & Leisure. Verticals it has a preference for include: Data Services, CleanTech, Cloud Computing, Ecommerce, EduTech, FinTech, HealthTech, InsureTech, IoT (Internet of Things), Nanotechnology, RegTech, and SaaS. Its preferred route(s) to market include: Primary Funds. First-time funds may be considered.