KPERS approves €45m commitment

The US public pension has backed Montagu's sixth buyout fund.

Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, United States
AUM: $19.65bn
Allocation to alternatives: 17.6%
Bitesize: $50-100m

Kansas Public Employees Retirement System committed €45 million ($50 million) to Montagu VI. The buyout fund will invest in a diversified group of Western European companies in sectors such as healthcare, manufacturing, transportation and technology.

The $19.65 billion pension has an 8 percent target allocation to private equity that currently stands at 8 percent.

As illustrated in the charts below, KPERS currently allocates 17.6% to alternative assets. The pension has consistently made commitments of $50 million to buyout and venture capital funds across several regions and sectors.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.