If we have any issue with loading PeopleTools, it can be because of Visual Studio is not installed in your machine. Try running file as specified below.
File name: psvccrt_retail.msi Path: PeopleTools8.51\PT8.51\setup\psvccrt
File name: psvccrt_retail.msi Path: PeopleTools8.51\PT8.51\setup\psvccrt
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