Kentucky Retirement Systems, Frankfort, committed $195 million to three alternatives firms, according to Pensions & Investments.
KRS hired AMERRA Capital Management to run an initial $100 million in its agricultural lending strategy and committed $50 million to MTP Energy Opportunities Fund II, managed by Magnetar Capital, said David Peden, chief investment officer.
In private equity, KRS committed €40 million ($45.8 million) to Keyhaven Capital Partners.
KRS has a 10% target allocation to private equity.
KRS administers an $11.5 billion pension fund and $4.1 billion insurance fund.