SEARCHES AND HIRES

Kansas Public Employees hires Wellington, commits $125 million to 2 funds

Kansas Public Employees Retirement System, Topeka, hired Wellington Management as an active international equity manager and committed up to $125 million total to two private equity funds, said spokeswoman Kristen Basso in an email.

The Wellington hire is pending successful contract negotiations.

The pension fund issued an RFP for an active international equity management manager in September to run about $400 million as part of its shift toward a more active approach for its international equity portfolio.

The final allocation size and funding sources could not immediately be learned.

Also, the $16 billion pension fund committed up to $75 million to Apollo Investment Fund IX, a buyout fund managed by Apollo Global Management, and up to $50 million to New Enterprise Associates 16, a venture capital fund.

The pension fund has previously invested with Apollo. It could not immediately be learned whether it has previously committed to other New Enterprise Associates fund.

The pension fund has an 8% long-term alternatives target.