Kentucky Teachers' Retirement System, Frankfort, committed $55 million to Highbridge Principal Strategies Specialty Loan Fund III, a senior middle-market loan fund managed by Highbridge Capital Management, said Gary Harbin, executive secretary.
The $16 billion pension fund also committed $30 million to Audax Private Equity Fund IV, a lower middle-market buyout fund managed by Audax Group.
The commitments are the first by the pension fund to both managers; the dedicated senior loans fund is a new investment for the fund as well, Mr. Harbin said in a telephone interview.
