Kentucky Teachers' Retirement System, Frankfort, disclosed two new alternative commitments totaling up to $90 million.
The $21.3 billion pension fund disclosed commitments of up to $50 million to Carlyle Partners VIII, a buyout fund managed by Carlyle Group, and up to $40 million to NGP Natural Resources XIII, an energy private equity fund managed by NGP Energy Capital Management, said Robert B. "Beau" Barnes, deputy executive secretary and general counsel, in an email.
The pension fund previously committed up to $50 million to Carlyle Renewable and Sustainable Energy II and up to $30 million to NGP ETP IV earlier this year.
As of Sept. 30, the pension fund's actual allocation to alternative investments was 10.2%; the target is 7%.