Kansas Public Employees Retirement System, Topeka, committed up to $215 million total to three alternatives funds, spokeswoman Kristen Basso said in an e-mail.
The pension fund committed up to $100 million to J.P. Morgan Infrastructure Investments Fund managed by J.P. Morgan Asset Management; up to $75 million to Apax IX, a global buyout fund managed by Apax Partners; and up to $40 million to Greystar Equity Partners IX, a real estate fund focusing on U.S. multifamily assets managed by Greystar Real Estate Partners.
The $16 billion pension fund previously committed $70 million total to predecessor Greystar funds.
Separately, the pension fund terminated international equity manager Morgan Stanley Investment Management. The reason for the termination and Morgan Stanley’s allocation size could not immediately be learned.
The assets will be divided among existing active international equity managers Baillie Gifford, Lazard Asset Management, J.P. Morgan Asset Management and Franklin Templeton Investments.
