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FUNDRAISING NEWS | August 29, 2024
Tags: Pension Funds, Equities, Private Credit
In an effort to reduce risk while maintaining similar expected returns, the Kentucky Public Pension Authority (KPPA) on August 28 approved a shift in allocation for its County Employees Retirement System (CERS) that sees the target for specialty credit increase from 13% to 23%, according to newly filed board minutes.
Offsetting the increased allocation to specialty credit, KPPA decreased the target allocation for public equity for CERS to 45% from 50%, for private equity to 8% from 10%, for real estate to 5% from 7%, and for real assets to 7% from 13%. The pension also bumped its target allocation for cash to 2%.
Wilshire advised on the allocation changes, noting that when KPPA last shifted target allocations in 2021 it reduced core fixed income and specialty credit while increasing equity.
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! 
Written By: Helen Bascom, Marketing Associate
Helen Bascom is a Marketing Associate at Dakota.
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