The New York State Common Retirement Fund (NYSCRF) has committed $400 million to Brookfield Strategic Real Estate Partners IV (BSREP IV), a closed-end, diversified, opportunistic fund managed by Brookfield Asset Management.
BSREP IV opened to investors in May and is seeking to raise $17 billion. The fund will target investment opportunities in property assets and real estate operating companies in North America, Brazil, Europe and Australia.
BSREP IV is focused on investing in large-scale transactions where there are multiple opportunities to create value.
Brookfield Asset Management has a long-standing relationship with NYSCRF.
