Investors - JANUARY 22, 2013

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KPERS invests $90 million in infrastructure and real estate funds

by Andrea Waitrovich

The $13.6 billion Kansas Public Employees Retirement System (KPERS) has committed $90 million to two funds.

The first investment is a follow-on commitment to a Harrison Street Real Estate Capital fund series specializing in opportunistic investments in the medical office, student housing, self-storage and senior housing/assisted living sectors. KPERS invested approximately $40 million in Harrison Street Real Estate Partners IV. The fund was launched in December 2012 with a $700 million fundraising goal. A final close date was not disclosed.

The Harrison Street Real Estate Partners fund series launched in 2006 with Harrison Street Real Estate Partners I. KPERS previously invested $30 million in Harrison Street Real Estate Partners III, which closed in 2011 with approximately $595 million in equity commitments.

KPERS also has made a $50 million c

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