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Sign in Sign up for a FREE subscriptionKPERS re-ups in PRISA
The Kansas Public Employees Retirement System (KPERS) has approved an additional commitment of up to $100 million to PRISA, PGIM Real Estate’s flagship open-end core property fund, at its September board meeting.
KPERS has committed $235 million to PRISA previously, a spokesperson for the pension fund confirmed in an email. The $100 million additional commitment is part of the retirement system’s pacing plan to gradually increase its real estate allocation over time.
As of June 30, KPERS’ real estate portfolio was $2.3 billion.
