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KPERS approves $65m top-up commitment

The US public pension has re-upped with LaSalle's open-ended US Property Fund.

Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, United States
AUM: $19.65bn
Allocation to alternatives: 17.60%
Bitesize: $50-100m

Kansas Public Employees Retirement System (KPERS) has agreed a top-up commitment of $65 million to LaSalle Investment Management’s open-ended core US Property Fund, a contact at the pension informed PERE. KPERS previously committed $100 million to the fund in 2010 and a further $60 million in 2017.

The $19.65 billion US public pension has an 11.0 percent current allocation to real estate that currently stands at 9.60 percent.

As illustrated in the charts below, KPERS’ previous real estate fund commitment was $50 million to AEW Senior Housing Investors IV in March 2019.

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