Kansas Public Employees Retirement System, Topeka, approved new commitments totaling up to $150 million.
The $21.1 billion pension fund's board on March 19 approved new commitments of up to $75 million each to Hellman & Friedman Capital Partners X, a North America and Europe large-cap buyout fund, and TA XIV, a middle-market buyout fund managed by TA Associates, spokeswoman Kristen Basso said.
As of Sept. 30, the pension fund's actual allocation to alternatives was 8.3%; the target is 9%.
Also, KPERS' board approved a follow-on commitment of up to $100 million to Prime Property Fund, an open-end core real estate fund managed by Morgan Stanley Investment Management.
KPERS had previously committed $50 million in 2013 and $65 million in 2019 to the fund, Ms. Basso said.
As of Sept. 30, the actual allocation to real estate was 9.2%; the target is 11%.