KPERS approves $65m commitment to Morgan Stanley’s Prime Property Fund

The US public pension has approved an additional commitment to Morgan Stanley's Prime Property Fund.

Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, United States
AUM: $19.93bn
Allocation to alternatives: 26.50%

Kansas Public Employees Retirement System (KPERS) has agreed to commit an additional $65 million to Morgan Stanley’s Prime Property Fund, a contact at the pension informed PERE. This commitment supplements $125 million in previous commitments made by KPERS, bringing the pension’s total capital committed to $190 million.

The $19.93 billion US public pension has an 11.0 percent allocation to private real estate which currently stands at 9.1 percent.

As illustrated in the charts below, KPERS tends to direct its private real estate commitments towards North America-focused funds with value-add strategies.

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