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Kentucky Retirement Systems slates $220 million for alternatives

The investment committee of the Kentucky Retirement Systems, Frankfort, committed up to $220 million total to three alternatives funds, said David L. Eager, interim executive director of the $15 billion retirement system.

The investment committee made a commitment of up to $100 million to Fundamental Partners III, a special-situations fund managed by Fundamental Advisors, up to $75 million to buyout fund Levine Leichtman Capital Partners VI and up to $45 million to real estate fund Lubert Adler Real Estate Fund VII-B.

The commitments must be approved by the board of directors, which meets April 20.