Kentucky approves $200m commitment

The US public pension has committed to a separate account managed by CapitalSpring.

Institution: Kentucky Retirement Systems
Headquarters: Frankfort, United States
AUM: $18.19bn
Allocation to alternatives: 21.90%
Bitesize: $100-200m

Kentucky Retirement Systems has agreed to commit $200 million to a separate account managed by CapitalSpring, a contact at the pension informed Private Debt Investor. The separately managed account will invest alongside CapitalSpring’s Adjacent Investment Partners fund, which focuses on mezzanine debt origination.

As illustrated below, Kentucky has committed to five private debt vehicles with a vintage year of 2017-2019, which combined constitute $645 million.

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