KPERS approves $65m commitment to LaSalle US Property Fund

The US public pension has backed an open-ended, core real estate fund.

Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, United States
AUM: $19.65bn
Allocation to alternatives: 17.6%
Bitesize: $50-100m

Kansas Public Employees Retirement System committed $65 million to LaSalle US Property Fund. Launched in 2009, the open-ended fund makes investments in core real estate throughout the United States within the industrial, office and multifamily sectors.

The $19.65 billion US public pension has an 11% target allocation to real estate that currently stands at 9.60%

As illustrated in the charts below, KPERS allocates 17.6% to alternative assets. Ms. Elizabeth Miller is the current Chief Investment Officer.

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