Texas Municipal Retirement System CIO Yup Kim announced the appointment of Annika Kim as credit director at the $44 billion, Austin, Texas-based pension fund. Annika Kim was previously a private equity senior associate at Apollo Global Management.
“As CIO, few things are more rewarding than welcoming rare, exceptional and mission-driven talent like Annika—whose character, intellect and leadership represent the very best of our industry—to our shared vision of building the model public pension plan,” Yup Kim wrote in a LinkedIn post.
Prior to Apollo, Annika Kim was an associate at the Carlyle Group and was an investment banker at Goldman Sachs. She earned a bachelor’s degree in mathematics and a master’s degree in finance from the Massachusetts Institute of Technology.
“She will play a pivotal role in shaping our credit and hybrid equity strategies and lead key initiatives within the Office of the CIO,” Yup Kim wrote.
The pension fund, under Yup Kim, has added several people to oversee alternative investments. In August 2024, the fund appointed Phillip Hunter O’Brien, Amol Deshpande and Isidora Stankovic as head of private equity, head of direct investments and director of private equity, respectively.
In February, Eugene Han was named portfolio manager for direct investment; in April, John Ritter joined as managing director of real assets; and in July, Yuri Lee was named head of venture capital.
The fund allocates 34% of its portfolio to global equity, 25% to credit investments, 20% to real assets, 15% to private equity, 4% to tactical opportunities and 2% to a cash composite.
TMRS provides retirement benefits for municipal employes in Texas. The fund has more than 220,000 members across nearly 950 cities.
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Tags: Apollo Global Management, Texas Municipal Retirement System, TMRS, Yup Kim
