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Sign in Sign up for a FREE subscriptionPSERS puts $300m in Brookfield Strategic Real Estate Partners IV
The $72.5 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has committed up to $300 million to Brookfield Strategic Real Estate Partners IV (BSREP IV), according to the minutes from the pension fund’s Nov. 19 meeting.
BSREP IV, a closed-end, diversified, opportunistic fund managed by Brookfield Asset Management, 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.
Earlier this month, PSERS appointed Bob Devine, formerly the fixed income managing director of the pension fund, to serve as its acting CIO. Devine will fill the role while PSERS’ board conducts a nationwide search to find a permanent repl
