Louisiana State Police commits $5m to Brookfield real estate fund

The $875 million Louisiana State Police Retirement System has committed $5 million to Brookfield Strategic Real Estate Partners III, according to Irwin L. Felps Jr., executive director for the retirement system.

Brookfield Strategic Real Estate Partners III is an opportunistic global real estate fund managed by Brookfield Asset Management, a Toronto-based global alternative asset manager. In its latest filing with the SEC in March, Brookfield had raised $9.046 billion for the fund, just shy of its $10 billion target.

The fund’s predecessor, Brookfield Strategic Real Estate Partners I, raised $4.4 billion and closed in 2013. The fund series invests in real estate primarily in North America, Europe, Brazil and Australia.

As of July 31, Louisiana State Police had a 7.5 percent target allocation to real estate and an actual allocation of 7.2 percent.