Kansas Public Employees Retirement System, Topeka, committed up to $75 million to TA XII, said Alan Conroy, executive director.
The buyout fund is managed by TA Associates.
KPERS has an 8% long-term allocation to alternative investments.
Separately, the $16 billion pension fund terminated Guggenheim Investments as a domestic smidcap value equity manager. Guggenheim ran $224 million in domestic smidcap value equity for the pension fund as of Dec. 31.
The assets will be split evenly between Mellon Capital Management and BlackRock, whose domestic large-cap index strategies “better fit (KPERS’) overall asset allocation,” Mr. Conroy said.
He could not provide further information by press time.
As of Dec. 31, KPERS had approximately $2 billion each invested in the Mellon Capital and BlackRock index strategies.
KPERS has a 23.5% long-term target allocation to domestic equity.
