Kansas Public Employees Retirement System, Topeka, committed up to $60 million to Exeter Industrial Value Fund IV, said spokeswoman Kristen Basso in an e-mail.
The value-added real estate fund is managed by Exeter Property Group.
The $16 billion pension fund previously committed $40 million to Exeter Industrial Value Fund III in 2014 and $30 million to Exeter Industrial Value Fund II in 2011.
The pension fund has a 9% real estate target.
Separately, the retirement system hired SageView Advisory Group as investment consultant for its approximately $640 million 457 plan, pending contract negotiations, Ms. Basso wrote.
Incumbent consultant Arnerich Massena announced in January it was moving a portion of its retirement plan consulting services to SageView Advisory Group. KPERS temporarily assigned consulting services to SageView. A search was originally planned for later this year as part of KPERS’ normal business process and was moved up because of the Arnerich Massena announcement.
The RFP was issued in June.
