L.P. News in Brief: –

* General Motors Investment Management Corp. gradually will increase its investments in international private equity, said Allen Reed, president of the pension. Approximately 12% of the corporation’s $3.5 billion in alternative assets are currently invested internationally, and GM managers want to increase this to nearly 25%.

According to Mr. Reed, GM has been pondering putting more assets abroad for some time.

GM is considering private equity funds and direct investments in Europe, Asia and Latin America, the latter two regions described as being at a “more embryonic stage” by Mr. Reed.

* Public School Employes’ Retirement System of Pennsylvania made a $300 million commitment to Morgan Stanley Dean Witter Capital Partners IV, said John Lane, chief investment officer of the $45 billion pension. According to a source close to the fund raising, Morgan Stanly’s fourth fund has to date raised $2.7 billion and the firm expects a final close sometime in March.