Kansas Public Employees Retirement System, Topeka, committed $85 million to Ventas Life Science and Healthcare Real Estate Fund.
The $27.1 billion pension fund’s board approved the commitment to the open-end core real estate fund at its July 26 meeting, said spokeswoman Emily Wilson.
It is the first disclosed commitment by the pension fund to manager Ventas.
As of March 31, the pension fund’s actual allocation to real estate was 10.1%; the target is 14%.
