Investors - JULY 29, 2022

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KPERS re-ups in LaSalle, EQT Exeter real estate funds

by Kali Persall

The Kansas Public Employees Retirement System (KPERS) has approved a follow-on commitment of as much as $125 million to LaSalle Property Fund and a commitment of as much as $65 million to EQT Exeter Industrial Value Fund VI, a spokesperson for the pension fund confirmed in an email.

LaSalle Property Fund is an open-ended, core commingled fund managed by LaSalle Investment Management. The vehicle aims to invest in and manage a diversified portfolio of high-quality, stabilized real estate and real estate-related assets in the U.S. industrial, multifamily, medical-office, office and retail markets.

KPERS previously committed $65 million to the fund in 2019 and $60 million in 2017.

The other investment vehicle, EQT Exeter Industrial Value Fund VI (EIVF VI), is a closed-end, commingled fund with a $4 billion fundraising target.

Fund VI will acquire, develop, and aggregate a portfolio of modern, class A regional-distribution and last-mile logistic properties in

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