The Kansas Public Employees Retirement System (KPERS) has committed up to $100 million to Blue Owl Real Estate Fund VII.
This fund, managed by Blue Owl Capital, is a closed-end, value-added fund that aims to raise $6.5 billion. The fund will invest in industrial, office and retail assets. The Pennsylvania State Employees’ Retirement System (SERS) and Oregon State Treasury have also committed to this fund in recent months. Blue Owl Real Estate Fund VI raised nearly $5.2 billion in total capital.
As a public pension fund, KPERS had $29.3 billion in total assets under management, as of June 30, 2025. As of then, the fund had a 10 percent real estate allocation target with $2.8 billion in total real estate assets.
