Firms & Funds

Kansas backs TA and Platinum Equity

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Kansas Public Employees Retirement System, Kristen Basso, private equity, pension fund,
In the 1930s, John Steuart Curry painted murals on the second floor of the Kansas State Capitol building, including the famous painting Tragic Prelude which depicts Abolitionist John Brown among Civil War casualties, a prairie fire and a tornado, in Topeka, Kansas US May 12, 2016. REUTERS/Dave Kaup - RTSEJG5
  • Assets Under Management: $19.5 billion
  • PE allocation: 7.3 pct, 8 pct target
  • Whom to Contact: Kristen Basso, KBasso@KPERS.org

Kansas Public Employees Retirement System at its March meeting made $150 million in commitments to private equity and real estate funds.

Board commitments include:

  • $50 million to TA Associates’ 13th fund, targeting $7.5 billion;
  • $50 million to Platinum Equity Capital Partners V, targeting $8 billion, according to a person with knowledge of the system.

KPERS also recommended $50 million to AEW Senior Housing Investors V, which focuses on real estate investments.

Private equity makes up 7.3 percent, or $1.4 billion of Kansas’ assets, as of Feb. 28, 2019, with an 8 percent target. PE has performed well for the system, having produced 17.1 percent in returns, the system’s strongest, for fiscal year 2018.

Private real estate’s allocation sits at 9.6 percent with an 11 percent target, as of Feb. 29, 2019, according to KPERS’s investment report.