KPERS commits $60m to LaSalle core fund
The $18 billion Kansas Public Employees Retirement System has approved a $60 million commitment to LaSalle Property Fund, according to Kristen Basso, communications officer for KPERS.
LaSalle Property Fund, managed by LaSalle Investment Management, is an open-ended core real estate fund. The commingled fund aims to buy a combination of existing and leased office, industrial, retail and apartments in the United States.
KPERS previously committed $100 million to the fund in 2010. The fund has also received numerous equity commitments from institutional investors since its launch in 2009, including the Teacher Retirement System of Texas and the Virginia Retirement System.
The fund has raised $2.491 billion so far, according to the firm’s most recent filing with the SEC.
In additional news, The Townsend Group recently worked with KPERS to develop a