KPERS approves $50m commitment

The US public pension has backed a Europe-focused private equity fund.

Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, United States
AUM: $19.65bn
Allocation to alternatives: 17.60%
Bitesize: $50-100m

Kansas Public Employees Retirement System (KPERS) has agreed to commit $50 million to Montagu VI, a contact at the pension informed Private Equity International. The sixth series fund is managed by Montagu Private Equity and is targeting European buyouts.

The $19.65 billion US public pension has an 8.0 percent current and target allocation to private equity.

As illustrated in the charts below, KPERS has made four commitments to private equity funds with a 2019 vintage, which combined constitute $200 million.

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