Kansas Public Employees Retirement System (PERS) has approved a $65m (€57.6m) commitment to EQT Exeter’s fourth US core-plus logistics fund

Kansas PERS told IPE Real Assets that its commitment to the EQT Exeter Industrial Core-Plus Fund IV fund is the pension fund’s first real estate investment for 2022.

The pension fund’s real estate plan for the year is to invest $400m in core and $200m in non-core opportunities.

Core-Plus Fund IV, which seeks to raise $2.5bn, targets an 8% to 10% return. The previous fund in the series raised $1.3bn in October 2019.

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