Kansas commits $40m to real estate fund
The $16.5 billion Kansas Public Employees Retirement System has committed $40 million to Rockwood Capital Real Estate Partners X, according to Kristen Basso, spokesperson for the pension fund.
The value-added fund, managed by Rockwood Capital, focuses on office, retail, hotel and multifamily properties in the United States. The fund is targeting net returns between 12 percent and 14 percent. Earlier this year, the fund received commitments from the Public Employees Retirement Association of New Mexico and the Illinois Municipal Retirement Fund.
KPERS previously committed $40 million to Rockwood Capital Real Estate Partners Fund IX in 2012 and $25 million to Rockwood Capital Real Estate Pa