The Kansas Public Employees Retirement System (KPERS) has committed $285 million to real assets funds, including a vehicle managed by Marcus Partners, Resource Management Service and Ares Management.
Marcus Capital Partners Fund V, a closed-end, value-added fund that invests in industrial, multifamily and other properties on the East Coast of the United States, received $85 million. The fund aims to raise $850 million in equity. Marcus Capital Partners Fund IV, its predecessor, raised $100 million more than its initial fundraising goal of $550 million.
Ares US Real Estate Fund XI, a closed-end, value-added fund that invests in real estate assets in growth markets of the United States, received $85 million. A fundraising goal has not been determined. Ares US Real Estate Fund X, the fund’s predecessor, exceeded its $1.5 billion target with $1.8 billion raised.
RMS Evergreen US Forestland Fund received $115 million for its open-end strategy that invests in timber
