Kentucky Teachers' Retirement System, Frankfort, increased its commitment to timberland funds managed by Molpus Woodlands Group to up to $250 million, said Gary L. Harbin, executive secretary, in an email.
The $20.1 billion pension fund previously had $153 million invested with two funds managed by Molpus as of Sept. 30: $101 million with Molpus Woodlands Group Lake Superior Timberlands and $52 million with Molpus Seven States.
The increased commitment includes one $70 million timberland investment. The fund name was not provided.
As of Sept. 30, the actual allocation to alternative investments was 6.9%.
