Pennsylvania Public School Employees Retirement System (PSERS) is giving debt fund manager Värde Partners $75m (€67.2m) in extra investment capital.

The pension fund was one of a number of investors in Värde Partners’ Scratch and Dent Fund, which raised $500m in 2014 and is now fully invested.

According to the board meeting document, Värde Partners is seeking an extra $300m of capital from the fund’s investors so it can continue invest in the market without having to embark on a full capital-raising programme for a follow-up vehicle.

Pennsylvania PSERS has committed $75m to the Värde Scratch and Dent Fund 1-A, and said the manager is looking to launch a second fund next year.

Värde Partners did not comment.

The extra investment with Värde Partners coincided with a number of approved commitments to real asset strategies, including $100m for a new infrastructure debt fund managed by Mariner Investment Group.

Pennsylvania PSERS is already invested in the fund’s predecessor – for which Mariner raised $350m from investors in 2014 – committing $150m in 2013.

Mariner’s International Infrastructure Finance Company Fund II will invest in senior corporate and project debt relating to operational infrastructure companies in Europe and the US.

Pennsylvania PSERS also committed $100m to the DRA Growth and Income Fund IX, the latest fund managed by DRA Advisors targeting value-added real estate.

The fund will invest in office, retail, apartment and industrial assets across the US.

Latitude Capital IV, a real estate debt fund managed by Latitude Real Estate Investors, has also recieved $75m.

The fund will invest in three and four-year first-mortgages between $5m and $35m.