The $23.1 billion New Mexico State Investment Council has committed $75 million to Brookfield Senior Mezzanine Real Estate Finance Fund, according to Charles Wollmann, director, communications, legislative & client relations for the pension fund.
Brookfield Senior Mezzanine Real Estate Finance Fund, managed by Brookfield Asset Management, will invest in debt secured by U.S. properties in strategic locations. Brookfield’s real estate debt strategies are implemented through closed-ended and open-ended investment vehicles. Brookfield is a global alternative asset manager, focused on investing in long-life, high-quality assets across real estate, infrastructure, renewable power and private equity.
New Mexico State has a target allocation to real estate of 10 percent.
