Kansas Public Retirement System commits $170M to two funds; one by Principal Asset Management and the other to LBA Realty & Logistics

12/4/2024

|

IREI

• Subcategory: Capital Markets: Equity, Capital Markets: Fund, Industrial: Data Centers, Industrial: Logistics

• Tag: Investment

• Additional Filters-Subcategory: Capital Markets: Fund-Opportunistic, Capital Markets: Fund-Value Added

• Company: Principal Asset Management, LBA Realty & Logistics

The Kansas Public Retirement System (KPERS) has committed $170 million to two information funds: Principal Data Center Growth and Income Fund and LBA Logistics Value Fund X. These commitments were made on Nov. 27, according to a spokesperson for KPERS.

Principal Data Center Growth and Income Fund, a vehicle of Principal Asset Management, received $85 million. This fund is a closed-end, opportunistic fund focused on data center assets in the United States. This fund has a maximum size of $3 billion.