Kentucky confirms $200m commitment

The US public pension has committed to a separate account managed by CapitalSpring.

Institution: Kentucky Retirement Systems
Headquarters: Frankfort, United States
AUM: $18.19bn
Allocation to alternatives: 21.90%
Bitesize: $50-100m

Kentucky Retirement Systems has agreed to commit $200 million to a separate account managed by CapitalSpring, a contact at the pension informed Private Equity International. The separately managed account will invest alongside CapitalSpring’s debt-focused Adjacent Investment Partners fund.

The $18.19 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 9.60 percent.

As illustrated below, this is the third separately managed account Kentucky has committed to since 2017. The other two accounts are managed by Providence Equity Partners and White Oak Global Advisors.

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