Teachers' Retirement System of the State of Kentucky (TRS)

About this data

Holdings as this LP reports them, fund by fund. Amounts are the market value it reports for each holding; the report gives no commitments. As of June 30, 2026. Source: TRS Retirement Annuity Trust Quarterly Investment Performance, Net of Management Fee Returns: Private Equity. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.

TRS posts a quarterly "Net of Management Fee Returns" report for its Retirement Annuity Trust (the pension fund) that lists each private equity fund with one amount, its "Market Value", shown here rounded to whole dollars. It reports no commitment amount, contributions, distributions, vintage year, multiple or IRR per fund, so committed, paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The report's per-fund period returns (last quarter to 20 years) are time-weighted returns net of management fees, not IRRs, and are not shown. Every fund under the report's "Private Equity" heading is included as TRS classifies it: 42 under "Mature Private Equity" ($1,589,389,657), 35 under "Private Equity < 5 Years" ($1,001,732,014). That heading also covers funds whose names indicate infrastructure, energy and natural resources, mezzanine debt and cropland strategies, which the report does not separate from buyout, growth, venture, secondaries and co-investment funds. The funds add up to the report's Private Equity total of $2,591,121,671. Fund names are as printed. Real Estate, Timberland and the "Additional Categories" (high yield and private credit) are not imported, nor are the smaller positions that TRS's Health Insurance Trust and Life Insurance Trust report separately.