Kentucky Teachers makes year-end alts allocation

The Teachers’ Retirement System (TRS) of Kentucky closed 2021 with $111 million in new commitments to the alternative investment class.

The approximately $28 billion public retirement fund made new commitments to incumbent private equity manager Fort Washington Advisors in November, confirmed Beau Barnes, deputy executive secretary and general counsel.

The commitments followed a $203 million private equity allocation made by TRS last August.

The system’s assets are managed in three discrete funds — its $26 billion Retirement Annuity Trust; a $2.3 billion Health Insurance Trust; and its $107 million Life Insurance Trust . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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