Colorado Public Employees' Retirement Association, Denver, will commit up to $150 million each to Apollo Investment Fund VI and Blackstone Capital Fund V, said Katie Kaufmanis, spokeswoman for the $34.8 billion system. Both investments are subject to final due diligence and legal negotiations, she added. PERA had about $2.8 billion in alternative investments as of Sept. 30.
Additionally, the fund's asset-liability study is expected to be completed in early 2006, Ms. Kaufmanis said. She declined to offer specifics. Consultant Ennis Knupp is assisting with the study.
