Kentucky Teachers’ Retirement System, Frankfort, committed $90 million total to two alternative funds, said Gary Harbin, executive secretary.
The $18 billion pension fund and the retirement system’s $700 million medical insurance plan committed $50 million and $10 million, respectively, to Oaktree European Principal Fund IV, a distressed debt fund managed by Oaktree Capital Management.
The pension fund and medical insurance plan have committed to previous Oaktree funds.
Separately, the pension fund committed $30 million to J.P. Morgan Global Maritime Investment Fund II, an infrastructure fund managed by J.P. Morgan Asset Management.
The pension fund previously committed to predecessor fund J.P. Morgan Global Maritime Investment Fund.
The pension fund has a 5% target to alternatives.
