Kentucky Teachers’ Retirement System, Frankfort, made two new commitments to funds managed by Carlyle Group totaling up to $130 million.
The $23.9 billion pension fund committed up to $80 million to opportunistic real estate fund Carlyle Realty Partners IX and up to $50 million to open-end infrastructure fund Carlyle Renewable & Sustainable Energy Fund, said Robert B. Barnes, deputy executive secretary and general counsel.
The pension fund previously committed $52 million to Carlyle Europe Partners V in 2018.
As of Dec. 31, the pension fund’s actual allocation to alternative investments was 6.5%; the target is 7%.
