Kansas Public Employees Retirement System, Topeka, made a follow-on commitment of up to $20 million to AEW Partners Real Estate Fund IX.
The $21.1 billion pension fund's board approved the follow-on commitment to the opportunistic real estate fund managed by AEW Capital Management at its Nov. 20 meeting, spokeswoman Kristen Basso said in an email.
KPERS originally committed up to $50 million to the fund in August, and previously committed up to $50 million to AEW Partners Real Estate Fund VIII in 2017.
As of Sept. 30, the system's actual allocation to real estate was 9.2%; the target is 11%.
