The California Public Employees’ Retirement System (CalPERS) has reviewed its commitments to real assets in its quarterly investment commitment report for the first quarter 2025. In addition to the $700 million it committed to Brookfield Strategic Real Estate Partners V, it also committed $700 billion to other real assets vehicles, bringing the total to $1.4 billion in real assets commitments.
CalPERS committed $400 million to BentallGreenOak Asia IV, a closed-end, value-added fund with a fundraising goal of $3.5 billion. This fund invests in office, retail, multifamily residential, logistics and hospitality properties in Japan, South Korea, Hong Kong, Australia and Singapore.
The fund also committed $300 million to Brookfield Strategic Real Estate Partners (BSREP) Co-Invest and increased its funding to Concession Investment Holdings by $30 million.
