Kern County Employees' Retirement Association, Bakersfield, Calif., committed up to $30 million to Accel-KKR Capital Partners VII.
The $5 billion pension fund's board approved the commitment to the middle-market buyout fund at its meeting Wednesday, a webcast of the meeting showed.
It is KCERA's first commitment to a fund managed by Accel-KKR.
As of Oct. 31, the pension fund's actual allocation to private equity was 3.1%; the target is 5%.
Private markets consultant Cambridge Associates assisted.
