Public Employees' Retirement System of Mississippi Commits $50m to AEW Partners Real Estate Fund X

AEW Capital Management is looking to raise $2 billion for the multi-property fund with a strategy to acquire and develop primarily multifamily, industrial and life science conversions.

This allocation will help Public Employees' Retirement System of Mississippi maintain its 15% sub-allocation target to value-add real estate as 10 of the 18 funds within that segment of the real estate portfolio “are in the liquidation phase of their lifecycle.”