Kentucky Teachers' Retirement System, Frankfort, disclosed alternative fund commitments totaling up to $175 million.
The $25.7 billion pension fund disclosed commitments of up to $100 million to private equity fund Baillie Gifford Private Companies II; up to $50 million to Silver Lake Alpine II, a structured debt and equity strategy focusing on technology companies that is managed by Silver Lake Partners; and up to $25 million to Apax Credit Fund, a private credit fund managed by Apax Partners, confirmed Robert B. Barnes, deputy executive secretary and general counsel.
As of June 30, the pension fund's actual allocation to alternative investments was 6.8%.
