Gregg Gethard

Fund tied into tech billionaires eyes investments in enterprise software, fintech and consumer tech despite worries about sector valuations.

As private equity valuations trail movements in the public markets, tech heavy private equity baskets likely will soon reflect the pummelling taken by public tech stocks.

The decision comes as limited partners like PSERS are contending with a flood of managers coming back at quick pace for more capital into larger funds and even new products.