# Kentucky Public Pensions Authority

Kentucky Public Pensions Authority is a Pension Fund based in Frankfort, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Frankfort, United States
- **Region:** North America
- **Address:** 1260 Louisville Road, Frankfort, KY 40601, United States
- **Founded:** 1956
- **Assets under management:** 23904 (Altss estimate)
- **Website:** kyret.ky.gov
- **LinkedIn:** https://www.linkedin.com/company/kentucky-public-pensions-authority

## Regulatory record

- **Reports private funds:** No

## About

The Kentucky Public Pensions Authority was established in 1956 and operates from Frankfort, Kentucky. It consolidated oversight of three defined-benefit plans that previously operated under separate boards. Steve Willer leads investment decisions as CIO while Ryan Barrow serves as executive director. The authority maintains target allocations of 10 percent to private equity and holds positions in multiple real-estate and infrastructure vehicles. Confirmed holdings include Harrison Street Core Property Fund, Prologis Targeted US Logistics Fund, Barings Real Estate European Value Add Fund II, Lubert-Adler Real Estate Fund VII-B, Ceres Farms LLC, and ITE Rail Fund LP. Geographic exposure spans the United States and Europe. The portfolio also includes limited-partner interests in Strategic Value Special Situations Fund VI, HIG Capital V, MiddleGround Partners I, and Arctos Sports Partners Fund II. The firm employs 201 professionals. It maintains long-term relationships with BNY Mellon as custodian, Wilshire Associates as investment consultant, and Gabriel, Roeder, Smith & Company as actuary. April 2025: Sponsored the KPPA Annual Meeting in Frankfort focused on governance and board leadership elections. Public equity positions reported in 13F filings include Microsoft, NVIDIA, Apple, Amazon, and JPMorgan Chase. The authority functions as a consolidated public pension administrator rather than a traditional single-plan entity. This structure allows unified investment policy and fee negotiation across KERS, CERS, and SPRS while preserving separate benefit administration for each system.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## People

- Steve Willer — Chief Investment Officer
- John E. Chilton — Chief Executive Officer
- Ryan Barrow — Executive Director
- Anthony Chiu — Deputy Chief Investment Officer

## Questions

### Who runs investment decisions at Kentucky Public Pensions Authority?

Steve Willer serves as Chief Investment Officer. Anthony Chiu acts as Deputy Chief Investment Officer with responsibility for private equity.

### Does Kentucky Public Pensions Authority participate in fund commitments or only direct deals?

The authority invests primarily through limited-partner commitments to private equity, real estate, and infrastructure funds. It also holds direct ownership in Perimeter Park West, its headquarters property.

### What asset classes receive the largest allocations?

Private equity carries a 10 percent target allocation. Real estate and infrastructure holdings include multiple open-ended and value-add funds in the United States and Europe.

### Which regions does Kentucky Public Pensions Authority target for investments?

The portfolio includes holdings in the United States and Europe. Real estate exposure covers both domestic core properties and European value-add strategies.

### How is Kentucky Public Pensions Authority structured relative to its underlying systems?

It provides consolidated investment and administrative oversight for the Kentucky Employees Retirement System, County Employees Retirement System, and State Police Retirement System while each system retains separate benefit liabilities.

### What service providers support Kentucky Public Pensions Authority operations?

BNY Mellon serves as custodian. Wilshire Associates provides investment consulting. Gabriel, Roeder, Smith & Company acts as actuary. Blue & Co. performs audits.

### Does Kentucky Public Pensions Authority maintain membership in industry associations?

The authority belongs to the National Council on Teacher Retirement, National Association of State Retirement Administrators, and Wilshire Trust Universe Comparison Service for benchmarking.

## Related profiles

- [Wales Pension Partnership](https://altss.com/profile/wales-pension-partnership)
- [FUNCEF](https://altss.com/profile/funcef)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/kentucky-public-pensions-authority

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology