Name: Kentucky Public Pensions Authority (KPPA)
Headquarters: Frankfort, US
AUM: $24.5 billion
Current allocation to private equity: 7.3%
Target allocation to private equity: 8%
At their latest investment committee meeting for the County Employees Retirement System, Wilshire advised a decrease in the private equity target allocation of the Kentucky Public Pensions Authority from 10 percent to 8 percent due to the asset class underperforming in the quarter, according to meeting minutes.
KPPA has a diversified strategy when committing to private equity funds that spans several sectors and regions, with an appetite for first-time funds.
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