Kansas Public Employees Retirement System, Topeka, approved two private equity commitments totaling up to $110 million.
The $24.8 billion pension fund’s board approved a commitment of up to $75 million to Olympus Growth Fund VIII, a buyout fund managed by Olympus Partners, and a follow-on commitment of up to $35 million to New Mountain Partners VII, a buyout fund managed by New Mountain Capital, at its March 22 meeting, said spokeswoman Emily Wilson.
KPERS originally committed up to $40 million to New Mountain Partners VII in 2023. There is no record of prior Olympus Partners commitments by the pension fund.
As of Sept. 30, the pension fund’s actual allocation to alternatives was 11.3%; the target is 11%.
