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KPERS approves $75m commitment

The US public pension has backed a North America-focused fund.

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Kansas Public Employees Retirement System has approved a recommendation to commit $75 million to New Mountain Partners V.

The $18 billion US public pension has a 6 percent target allocation to private equity that currently stands at 4.8 percent.

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