KPERS confirms $55m commitment

The US public pension has backed Exeter Property Group's fifth value-add industrial vehicle.

Institution:Ā Kansas Public Employees Retirement System
Headquarters:Ā Topeka, United States
AUM:Ā $20.22bn
Allocation to alternatives:Ā 17.60%
Bitesize:Ā $50-100m

Kansas Public Employees Retirement System agreed to commit $55 million to Exeter Industrial Value Fund V in its most recent round of commitments, a contact at the pension informedĀ PERE. This is KPERS’ first foray into real estate since committing $50 million to AEW Senior Housing Investors IV in March 2019.

The $20.22 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.60 percent.

As illustrated below, KPERS is a repeat investor to this fund series, having committed to funds II through V. Combined, these commitments constitute a total of $185 million.

Platinum subscribers mayĀ click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.