Funding will come from the TIPS portfolio, which totaled $946 million as of March 31.
An RFP was issued in June, and the search was handled internally. It is the $13 billion pension fund's first commitment to global inflation-linked bonds, which will be part of its current 8.2% real-return allocation.
Separately, the pension plan committed up to $50 million to GSO Capital Solutions Fund II, a distressed debt fund managed by GSO Capital Partners. KPERS committed $25 million to the predecessor fund.