Kansas Public Employees Retirement System, Topeka, approved two new private equity commitments totaling up to $120 million.
The $25.6 billion pension fund's board approved commitments of up to $60 million each to FS Equity Partners IX, a middle-market buyout fund managed by Freeman Spogli & Co., and TPG Partners IX, a small and midsize growth equity fund, at its Sept. 22 meeting, said Emily Wilson, spokeswoman.
KPERS previously committed up to $75 million to FS Equity Partners VIII in 2019 and up to $75 million to TPG Partners VIII in 2018.
As of June 30, the pension fund's actual allocation to alternatives was 11%; the target is 9%.