KPERS confirms $100m in private equity commitments

The Kansas-based public pension has backed two multi-regional PE funds.

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 TA Associates XIII and Platinum Equity Capital Partners V, a contact at the pension informed Private Equity International. TA Associates XIII is focused on venture capital / growth equity investments across North America and Europe, whereas Platinum Equity’s fifth series fund is focused on on buyouts in North America and Western Europe specifically.

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 in the charts below, KPERS has made nine commitments to private equity funds with a vintage of 2018 or 2019, which combined constitute $625 million.

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