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Sign in Sign up for a FREE subscriptionKPERS commits $60m to U.S. logistics fund
The Kansas Public Employees Retirement System has approved a commitment of up to $60 million to Prologis Targeted U.S. Logistics Fund, according to Kristen Basso, communications officer for the retirement system.
Prologis Targeted U.S. Logistics Fund, managed by San Francisco–based Prologis, is an open-ended real estate fund. The fund acquires industrial properties near airports, seaports and highway systems in major U.S. metropolitan areas.
KPERS has a target allocation to real estate of 11 percent with an actual allocation of 9.2 percent.
