Kentucky Retirement sets aside $500m for private debt

The Frankfort-based Kentucky Retirement Systems (KRS) is accessing direct-lending financing opportunities structured for middle-market companies across a variety of industries with a new $500 million allocation to a well-known Chicago private equity fund of funds.

Adams Street Partners latest private credit offering has gotten buy in from KRS with a $250 million commitment for the Adams Street Partners Private Credit Fund II and another $250 million allocated to a co-investment sidecar vehicle.

The $38 billion firm launched its private credit business back in 2016 with the hiring of Oaktree Capital . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Get started

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!