Institution: Kansas Public Employees’ Retirement System
Headquarters: Topeka, United States
Allocation to alternatives: 17.9%
Kansas Public Employees’ Retirement System approved an increase to its real estate target allocation at its January 2020 investment committee meeting, a contact at the pension informed PERE.
KPERS has confirmed that its target allocation will increase from 11.0 percent to 13.0 percent, with the $20.22 billion US public pension currently having a 9.60 percent allocation to the asset class. Target allocations to fixed income and yield-driven instruments will subsequently decrease as a result of real estate’s boost within the pension’s target investment portfolio.
As illustrated below, KPERS has made two commitments to real estate funds with a 2019 vintage, which combined constitute $105 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.