Kansas Public Employees Retirement System, Topeka, made private equity and real estate commitments totaling $135 million, documents from the $19.6 billion pension fund show.
Minutes from the board's Nov. 16 meeting show that the pension fund committed up to $75 million to FS Equity Partners VIII, a middle-market buyout fund run by Freeman Spogli & Co.; and up to $60 million to Prologis Targeted U.S. Logistics Fund, an open-end real estate fund that targets U.S. core and industrial properties.
The KPERS board also put Vanguard Group's Vanguard Selected Value Fund on watch. The minutes did not disclose why or how much the retirement system has invested in the Vanguard fund.
Spokeswoman Kristen Basso could not be immediately reached for additional comment.