The $18 billion Kansas Public Employees Retirement System has committed $50 million to CBRE Strategic Partners U.S. Value 8, according to Kristen Basso, communications officer for the pension fund.
The value-added fund launched in February 2016. The fund series targets value-add investments in major and secondary U.S. markets, focusing on class A office, industrial, retail and multifamily properties. CBRE recently raised $1.06 billion for the fund. A fundraising target was not listed; however, the IREI FundTracker database lists a $1.5 billion fundraising goal and a targeted closing date of June 2017.
The fund has also received commitments from the Employees’ Retirement System of the State of Hawaii, the Teacher Retirement System of Texas and the
