Mississippi Public Employees' Retirement System, Jackson, approved a $50 million commitment to the AEW Partners Real Estate Fund X, a spokeswoman for the $30.1 billion pension fund confirmed in an email.
The commitment to the real estate fund managed by AEW Capital Management was made at a board meeting on Feb. 28.
The pension fund previously committed a total of $275 million to five other AEW funds in the series.
As of Dec. 31, Mississippi PERS had 11.2% allocated to real estate. Its target allocation is 10%.