To assist in evaluating its alternative investments portfolio, which includes nearly $60 million in distressed funds, $9.3 billion-in-assets-under-management Kansas Public Employees’ Retirement System (KPERS) has tapped Alignment Capital Group. The lion’s share of the $485 million alternative investments portfolio-more than 50%-is held by LBO shops, with the distressed piece controlling 12.3% as of July 31, 2002. KPERS has a target allocation for distressed of 15%.
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