PSERS board approves conditional investment in American Industrial Partners Capital Fund IX, L.P.

On 2026-08-13, the PSERS board approved a capped proposed investment in American Industrial Partners Capital Fund IX, L.P. 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.