KC Police Retirement Raise Private Credit Allocation, Reduce Multi-Strat Hedge Fund Target

The Kansas City Police Retirement System has approved increasing its target allocation to private credit to 10% from 7% at the August 10 board meeting.

As a result, the $952 million Retirement System reduced its target to Multi-Strategy Hedge Funds by 3% to 8%.

Ares Pathfinder Core Fund was hired to fulfill the increased private credit allocation.

Investment consultant, RVK, assisted with the recommendations.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

New call-to-action

Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.