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Investors - OCTOBER 6, 2016

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KPERS commits up to $60m to industrial property fund

by Jody Barhanovich

The $17 billion Kansas Public Employees Retirement System has committed up to $60 million to Exeter Industrial Value Fund IV, managed by Exeter Property Group.

The value-added fund will focus on investments in U.S. industrial properties. Exeter is looking to raise $1 billion for its fourth fund in the series. The fund’s predecessor, Exeter Industrial Value Fund III, held a final close of $830.9 billion in September 2014. KPERS previously committed $40 million to Exeter Industrial Value Fund III in 2014 and $30 million to Exeter Industrial Value Fund II in 2011.

Recently, KPERS committed $40 million to Greystar Equity Partners IX. The pension fund has a target allocation to real estate of 9 percent and an actual allocation to the asset class of 8.9 percent.

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