Kansas Public Employees Retirement System, Topeka, committed up to $90 million to Platinum Equity Small Cap Fund II.
The $26.3 billion pension fund’s board approved the commitment to the lower-middle-market buyout fund managed by Platinum Equity Advisors at its May 17 meeting, spokeswoman Emily Wilson said.
KPERS previously committed up to $25 million to Platinum Equity Capital Partners VI in 2022 and followed that with an additional commitment of up to $50 million earlier this year.
As of Dec. 31, the pension fund’s actual allocation to alternatives was 10.8%; the target is 11%.
