Kansas Public Employees Retirement System (PERS) has approved a $140m (€123.4m) follow-on commitment to Brookfield Super-Core Infrastructure Partners, building on its earlier $75m allocation to the global infrastructure fund in 2022.

The pension fund disclosed in a meeting document that its initial investment in the Brookfield-managed fund now amounts to $83.4m and has generated a one-year gross internal rate of return of 11.1%.

As reported by Brookfield in its first quarter 2025 supplemental earnings report, the fund currently holds a total investment value of $12.8bn. The open-ended fund, launched in 2018, targets investments in the energy, power, utilities and transportation sectors.

Kansas PERS said the additional investment represents an opportunity to further diversify the retirement system’s $1.4bn real assets portfolio.

As of the first quarter of the year, the pension fund’s real assets portfolio comprised 49.4% of real estate investment trusts (REITs), 42.1% in infrastructure and 8.5% in timber.

In January 2025, Kansas PERS eliminated its yield-driven portfolio and integrated its REITs portfolio into the real assets portfolio.

The long-term plan for the $690m REIT portfolio is to gradually liquidate it and use the proceeds to fund private real asset investments.

To read the latest IPE Real Assets magazine click here.   

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