Insight

KPERS commits $110m to PE, sets alternatives investment limit at 25%

Kansas Public Employees Retirement System currently allocates 11.25% of its total assets to private equity.

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Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, US
AUM: $26.3 billion
Allocation to private equity: 11.25%

Kansas Public Employees Retirement System (KPERS) has committed a total of $110 million to two private equity funds and set an alternatives investment limit of 25 percent, according to a source from the LP.

The retirement system committed $75 million to Olympus Growth Fund VIII and an additional $35 million to its existing commitment to New Mountain Partners VII. Both funds utilise a buyout strategy and are sector agnostic with a geographical focus in North America.

Regarding the LP’s alternatives investment limit, KPERS’ chief investment officer confirmed that it will be set at 25 percent as per the Kansas Legislature.

The pension allocates 11.25 percent of its total assets to private equity and has $26.3 billion in AUM.

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