Louisiana State Employees' Retirement System, Baton Rouge, committed $100 million to KPS Special Situations Fund VI.
The $12.8 billion pension fund's board approved the commitment to the special situations fund managed by KPS Capital Partners at its April 27 meeting, said Reeves Pearce, director of alternative assets, in an email.
LASERS previously committed $50 million to KPS Special Situations Fund V and $20 million to KPS Special Situations Mid-Cap Fund in 2019.
As of March 31, the pension fund's actual allocation to private markets was 23%; the target is 22%.
