KPERS agrees $100m in commitments

The US public pension has backed a VC and a buyout fund.

Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, United States
AUM: $18.47bn
Allocation to alternatives: 28.10%
Bitesize: $50-100m

Kansas Public Employees Retirement System (KPERS) has agreed to commit $50 million each to New Enterprise Associates 17 and Apax X, a contact at the pension informed Private Equity International. NEA 17 is targeting venture capital investments in North America and Asia-Pacific, whereas Apax X is focusing on on global buyouts.

The $18.47 billion US public pension has a 7.0 percent target allocation to private equity that currently stands at 7.60 percent.

As illustrated below, KPERS has made one other commitment to a private equity fund with a 2019 vintage: $50 million to TA XIII in March 2019.

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