The Kentucky Public Pensions Authority has committed to three alternative investment funds totaling up to $225 million.
$75 million will be allocated to Ceres Farms LLC. The Fund managed by Ceres Partners focuses on US farmland investments.
$75 million was committed to the American Rivers Fund. The Fund managed by Maritime Partners will look to build a portfolio of inland marine assets.
$75 million was committed to Arctos Sports Partners II. The private credit fund is targeting $2.5 billion to invest in major sports franchises.
Investment consultant, Wilshire, assisted.
The Kentucky Public Pensions Authority oversees the $11billion County Employees Retirement System, the $4 billion Employees Retirement System, and the $563 million State Police Retirement System.
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