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Sign in Sign up for a FREE subscriptionKansas pension fund makes $65m follow-on committment to LaSalle property fund
The Kansas Public Employees Retirement System (KPERS) has approved a $65 million follow-on commitment to the open-end LaSalle Property Fund, managed by LaSalle Investment Management.
KPERS previously committed capital to the fund, including a $100 million investment in 2010 and $60 million in 2017.
The core, commingled property fund aims to invest in and manage a diversified portfolio of high quality, stabilized real estate and real estate-related assets in the industrial, multifamily, medical office, office and retail sectors in the United States.
The fund’s current GAV is $5.6 billion
As of Dec. 31, KPERS had a 12.2 percent ($2.3 billion) allocation to real estate.
