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Sign in Sign up for a FREE subscriptionKPERS allocates $250m to CBRE and Waterton real estate funds
Kansas Public Employees Retirement System (KPERS) has approved $250 million in real estate commitments, parsed between two funds.
KPERS greenlighted a $200 million commitment to CBRE U.S. Core Partners, an open-end core real estate fund managed by CBRE Global Investors, and a $50 million commitment to Waterton Residential Property Venture XIV, a value-added real estate fund managed by Waterton.
The pension fund could not be reached to comment on the investments by the time of publication.
Kansas PERS had a 9.7 percent actual allocation to real estate, as of November 2019. In January 2020, the board adopted a new asset target mix, bumping up the long-term target allocation to real estate from 11 percent to 13 percent.
