Kansas Public Employees Retirement System, Topeka, committed up to $75 million to Heitman America Real Estate Trust and up to $40 million to CBRE Strategic Partners U.S. Value Fund VI, confirmed spokeswoman Kristen Basso.
The $13 billion retirement system does not have any current investments with the two managers. The CBRE fund is a closed-end value-added real estate fund, while the Heitman offering is an open-end core fund.
Elizabeth B.A. Miller, KPERS' chief investment officer, was not available by press time for additional information.