Kansas Public Employees Retirement System (PERS) has set a real estate pacing plan of up to $600m (€533.2m) for next year.
In 2022, Kansas PERS expects to invest around $400m in core real estate and up to $200m in non-core investments, according to the pension fund’s meeting document.
The Townsend Group said in the meeting document that Kansas PERS will need more core in its portfolio as a result of the pension fund redeeming out of the UBS Trumbull Property Fund.
The plan for non-core will involve investing with new or existing real estate managers.
Kansas PERS said it has approved a $75m commitment into the Brookfield Super-Core Infrastructure Partners fund as part of its real return portfolio investment.
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