Kentucky taps leveraged buyout, distressed debt funds

The Kentucky Public Pensions Authority, which oversees the assets of the County Employees Retirement System and the Kentucky Retirement Systems, moved forward with three new alternative investments last month.

The newly combined $21.4 billion retirement system is deploying $210 million in re-ups within its alternative investment portfolio. Those are with Strategic Value Partners ($100 million); MiddleGround ($75 million); and New State Capital ($35 million).

Victor Khosla’s Strategic Value Partners is slated to receive a $100 million commitment to its Strategic Value Special Situations Fund V. The first close is being targeted to . . .

Continue Reading With a Free Trial

Unlock this article instantly, along with the rest of our premium content, newsletters and mandate charts.

Already a subscriber? Log in.

Related Articles

Back to top button

Get our daily news digest
in your inbox

Our FREE mailing list brings you daily alts intel.

Thank you for subscribing.

Something went wrong.