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Sign in Sign up for a FREE subscriptionKansas City pension fund puts $10m in Brookfield, PGIM funds
The Kansas City (Mo.) Public Schools Retirement System (KCPSRS) has approved $10 million of investments in two real estate funds managed by Brookfield Asset Management and PGIM Real Estate.
At its Dec. 6 meeting, the pension fund voted to put $5 million each in Brookfield Strategic Real Estate Partners IV (BSREP IV) and PGIM Real Estate US Impact Value Partners (IVP).
BSREP IV is a closed-end, diversified, opportunistic fund that will target investment opportunities in property assets and real estate-operating companies in North America, Brazil, Europe and Australia.
The fund opened to investors in May and is seeking to raise $17 billion.
Among the fund’s other investors are the Pennsylvania Public School Employees’ Retirement System, the New York State Common Retirement Fund, the Employees’ Retirement System (ERS) of Texas, the Illinois State
