Kentucky Teachers' Retirement System, Frankfort, disclosed two new commitments totaling $100 million,
The $23.6 billion pension fund disclosed commitments of $50 million each to AlpInvest Secondaries VIII, a secondary private equity fund managed by AlpInvest Partners, and AG Net Lease Realty V, a real estate fund managed by Angelo Gordon & Co., said Robert B. "Beau" Barnes, deputy executive secretary and general counsel, in an email.
TRS previously committed $50 million to AlpInvest Co-Investment Fund IX earlier this year and $65 million to AG Realty Value Fund XI in 2022.
As of March 31, the pension fund's actual allocations to alternative investments and real estate were 7.9% and 7.7%, respectively; both have target allocations of 7%.