Institution: Kansas Public Employees Retirement System
Headquarters: Topeka, United States
Allocation to alternatives: 28.10%
Kansas Public Employees Retirement System (KPERS) has agreed to commit $50 million to AEW Senior Housing Investors IV, a contact at the pension informed PERE. AEW’s fourth series fund follows on from its three predecessors in focusing on core-plus senior housing investments in North America.
The $18.47 billion US public pension has a 11.0 percent target allocation to real estate that currently stands at 9.90 percent.
As illustrated in the charts below, this is the first real estate fund commitment made by KPERS since the pension committed $60 million to Exeter Industrial Value Fund IV in October 2016.
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