Searches and Hires

KPERS commits $75 million to Hellman & Friedman buyout fund

Kansas Public Employees Retirement System, Topeka, approved a commitment of up to $75 million to Hellman & Friedman Capital Partners IX, said Kristen Basso, spokeswoman for the $18.8 billion pension fund, in an email.

The board approved the commitment at its July 27 meeting. The fund focuses on large buyouts among multiple industries primarily in North America and Europe.

KPERS previously committed $15 million to Hellman & Friedman Capital Partners VII in 2009, and $45 million to Fund VIII in 2014.

KPERS has a long-term allocation target of 8% to alternatives, according to documents on the pension fund's website.