Kansas Public Employees Retirement System (PERS) has made a $50m (€42.5m) commitment to AEW Capital Management’s latest opportunistic real estate fund.

The latest commitment to the AEW Partners Real Estate Fund IX fund, together with a previously reported $50m commitment to Waterton Residential Property Venture XIV value-add apartment fund, means Kansas PERS is close to achieving its $110m non-core real estate investment target for 2020.

As previously reported, the AEW Partners fund targets a $750m fundraise.

Kansas PERS also has a $350m core real estate investment plan for this year. Kansas PERS has so far committed $200m to the CBRE US Core Partners fund as part of the pension fund’s core investment strategy.

To read the digital edition of the latest IPE Real Assets magazine click here.  

Topics