PSERS board approves conditional investment in PAI Mid-Market Fund II SCSp

On 2026-06-17, the PSERS board approved a capped proposed investment in PAI Mid-Market Fund II SCSp and/or related vehicles, plus reasonable investment expenses. Final terms remain subject to legal due diligence and approval by the investment, legal and executive offices. The resolution does not establish a completed capital call or final invested amount. The fund approval is capped at EUR 100 million before reasonable investment expenses; it is not an executed EUR 100 million payment.