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KPERS confirms $150m in commitments

The US public pension has backed a pair of private equity vehicles which are in market seeking upwards of $30bn in investor capital.

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Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, US
AUM: $21.14 billion
Allocation to alternatives: 17.5%

Kansas Public Employees Retirement System confirmed $150 million-worth of commitments to private equity funds at its March 2021 board meeting, a contact at the pension informed Private Equity International.

The commitments comprised $75 million each to Hellman & Friedman Capital Partners Fund X and TA Associates Fund XIV.

KPERS has a 9 percent target allocation to private equity, which currently stands at 8.3 percent.

As illustrated below, the $21.14 billion US public pension’s recent private equity commitments have predominantly targeted North America-focused buyout vehicles.

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