Kentucky Teachers' Retirement System, Frankfort, contributed $145 million total to two alternatives funds, said Gary Harbin, executive secretary.
The $16.9 billion pension fund and the retirement system's $600 million medical insurance plan committed $75 million and $10 million, respectively, to Highbridge Principal Strategies Specialty Loan Fund 2016, managed by Highbridge Capital Management.
Additionally, the pension fund and medical insurance plan committed $50 million and $10 million, respectively, to Carlyle Property Investors, a real estate fund managed by Carlyle Group.
The pension fund and medical plan have previously committed to other Highbridge and Carlyle funds.
The pension fund and medical plan have real estate targets of 6% and 4.5%, respectively. They also have targets of 9% and 20%, respectively, to “additional categories,” which includes some alternative credit strategies.