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Sign in Sign up for a FREE subscriptionMississippi Employees to back AEW’s latest opportunistic fund
The $26.7 billion Mississippi Public Employees’ Retirement System (PERS) has earmarked $75 million for a fund managed by AEW Capital Management.
AEW Partners Real Estate Fund IX hit the market in February. The fund is seeking $750 million to invest in opportunistic assets throughout the United States.
Mississippi PERS is looking to increase its allocation to private real estate after a recent study found the pension fund to be underweight to the asset class, with an actual allocation of 11.3 percent against a 15 percent target.