PSERS board approves conditional investment in Kennedy Lewis Capital Partners Domestic Fund IV LP

On 2026-10-22, the PSERS board approved a capped proposed investment in Kennedy Lewis Capital Partners Domestic Fund IV LP and/or related vehicles, plus reasonable investment expenses. Final terms remain subject to legal due diligence and approval by the investment, legal and executive offices. The resolution does not establish a completed capital call or final invested amount. The approval separately includes a co-investment vehicle alongside Fund IV.