Investors - JULY 31, 2020

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Kansas Public Employees to invest $50m in AEW Partners Real Estate Fund IX

by Kali Persall

The $19.8 billion Kansas Public Employees Retirement System (KPERS) has approved a commitment of $50 million to an opportunistic fund managed by AEW Capital Management.

The board of trustees passed the investment motion backing AEW Partners Real Estate Fund IX at its July 24 meeting, a spokesperson for the pension fund confirmed in an email. It follows a previous investment of $50 million in AEW Partners Real Estate Fund VIII in 2017.

AEW Partners Real Estate Fund IX completed its first close in May with $302 million in commitments from investors. The fund is seeking to raise $750 million and will follow the strategy of its predecessor funds by investing in assets throughout the United States.

The investor base consists of several public pension plans, including the Mississippi Public Employees’ Retirement System, the Wayne County (Mich.) Employees’ Retirement System

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