Kansas Public Employees Retirement System, Topeka, approved two new commitments totaling up to $80 million.
The $24.3 billion pension fund's board approved commitments of up to $40 million each to JMI Equity Fund XI-A, a growth equity fund managed by JMI Management; and TA XV-A, a middle-market buyout fund managed by TA Associates, at its Jan. 20 meeting, spokeswoman Kristen Basso said in an email.
KPERS has made numerous commitments to both managers, most recently making commitments of $39 million to JMI Equity Fund X and $75 million to TA XIV, both in 2021.
As of June 30, KPERS' actual allocation to private equity was 11.6%; the target is 9%.
