The investment committee of the Kentucky Teachers Retirement System has approved commitments of up to $382.5 million, according to the minutes of its meeting in May, which were presented at its June 20 full board meeting.
According to Beau Barnes, deputy executive secretary and general counsel, the $26.4 billion pension system, which administers the retirement plan for Kentucky’s public school teachers and comprises defined benefit, life insurance and retiree health insurance plans, committed up to $60.5 million to Apax XI, a buyout fund managed by Apax Partners, consisting of $50 million from its . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators