Searches and Hires

Kansas PERS earmarks $150 million for 2 private equity funds

Kansas Public Employees Retirement System, Topeka, committed a total of $150 million to two alternative funds, said Kristen Basso, spokeswoman for the $18.8 billion pension fund, in an email.

At its meeting Friday, the board approved commitments of $75 million each to Warburg Pincus Global Growth, a private equity fund that targets sustainable value companies; and to Vista Equity Partners Fund VII, a buyout fund with a focus on software, data and technology-enabled solutions companies managed by Vista Equity Partners Management.

KPERS has a long-term allocation target of 8% to alternatives, according to documents on the pension fund's website.