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.
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.