KPERS ups PE target allocation

The US public pension has boosted its target allocation to the asset class.

Institution: Kansas Public Employees’ Retirement System
Headquarters: Topeka, United States
AUM: $20.22bn
Allocation to alternatives: 17.9%
Bitesize: $50-100m

Kansas Public Employees’ Retirement System confirmed an increase to its private equity target allocation at its January 2020 investment committee meeting, a contact at the pension informed Private Equity International.

KPERS’ target allocation to private equity will shift from 8.0 to 9.0 percent, with the $20.22 billion US public pension currently having an 8.30 percent percent allocation to the asset class.

As illustrated below, KPERS has made five commitments to 2019-vintage private equity funds, which combined constitute $250 million.

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