Kansas Public Employees Retirement System, Topeka, committed up to $50 million to AEW Partners Real Estate Fund IX.
The $19.9 billion pension fund's board approved the commitment to the opportunistic real estate fund managed by AEW Capital Management at its July 24 meeting, spokeswoman Kristen Basso said in an email.
KPERS previously committed up to $50 million to AEW Partners Real Estate Fund VIII in 2017.
As of May 31, the actual allocation to real estate was 9.9%; the target is 11%.
