Kansas Public Employees Retirement System, Topeka, approved two new commitments totaling up to $100 million.
The $24.3 billion pension fund's board approved commitments of up to $60 million to AEW Partners Real Estate Fund X, an opportunistic real estate fund managed by AEW Capital Management, and up to $40 million to New Mountain Partners VII, a buyout fund managed by New Mountain Capital, at its March 24 meeting, spokeswoman Kristen Basso said in an email.
The pension fund previously committed up to $70 million to AEW Partners Real Estate Fund IX and up to $50 million to New Mountain Partners VI, both in 2020.
As of June 30, KPERS' actual allocations to real estate and alternative investments were 12.7% and 11.6%, respectively; their respective targets are 13% and 9%.
