Kansas Public Employees Retirement System, Topeka, committed up to $75 million to Kinderhook Capital Fund VIII.
The $24.8 billion pension fund's board approved the commitment to the middle-market buyout fund managed by Kinderhook Industries at its Jan. 19 meeting, spokeswoman Emily Wilson said.
Also at the meeting, the board approved follow-on commitments of up to $50 million each to Apax XI, a middle-market buyout fund managed by Apax Partners, and mega-buyout fund Platinum Equity Capital Partners VI.
KPERS' board originally approved commitments of up to $25 million each to the two funds at its meeting in May 2022.
As of Sept. 30, the pension fund's actual allocation to private equity was 11.3%; the target is 11%.
