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 . . .
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