Kansas Public Employees Retirement System, Topeka, made private equity and real estate commitments totaling $115 million, spokeswoman Kristen Basso said in an email.
The $19.6 billion pension fund committed €45 million ($50 million) to Montagu VI, a buyout fund that focuses on investments in Northern Europe and is managed by Montagu Private Equity. KPERS previously committed €65 million to Montagu V in 2015.
The pension fund also approved a follow-up commitment of up to $65 million to LaSalle Property Fund, an open-end core real estate fund managed by LaSalle Investment Management. The pension fund originally committed $100 million to the fund in 2010 and made an additional commitment of $60 million in 2017. The total commitment is now $225 million.
As of May 31, the actual allocations to real estate and alternatives were 9.6% and 8%, respectively. The respective targets are 11% and 8%.