The Kansas Public Employees’ Retirement System (KPERS) has committed $75 million to Oaktree Real Estate Opportunities Fund (OREOF) IX, confirmed Emily Wilson, communications officer, KPERS.
Managed by Oaktree Capital Management, OREOF IX is seeking to raise $6 billion of capital and will invest opportunistically in debt secured by properties in Australia, China, Denmark, Germany, Japan, the Netherlands, Poland, South Korea and the United Kingdom.
OREOF VIII closed in March 2021 after raising $4.7 billion of committed capital, surpassing its initial $3.5 billion target.
KPERS increased its real estate target allocation from 13 percent to 15 percent earlier this year. According to a KPERS document on real estate portfolio pacing, the retirement system expects to reach that 15 percent allocation by 2026.
As of June 30, KPERS had $25.7 billion o
