Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, United States
AUM: $18.54 billion
Allocation to alternatives: 20.30%
Kansas Public Employees Retirement System confirmed a $50 million commitment to New Mountain Partners VI at its May 2020 investment committee meeting, a contact at the pension told Private Equity International.
The sixth fund in New Mountain’s buyout series is in market targeting $8 billion. Its immediate predecessor held a final close in September 2017 at $6.15 billion.
The $18.54 billion US public pension has an 8 percent target allocation to private equity that currently stands at 9.4 percent.
As illustrated below, KPERS’ private equity commitments tend to target North American buyout funds.
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