San Diego County commits $100m to senior mezzanine fund
The $12.4 billion San Diego County Employees Retirement Association has approved a $100 million commitment to Brookfield Senior Mezzanine Real Estate Finance Fund, according to a recording of the board meeting.
Brookfield Senior Mezzanine Real Estate Finance Fund is managed by Brookfield Asset Management, a global alternative asset manager. The closed-ended real estate fund will invest in debt secured by U.S. properties in strategic locations. The fund launched in 2017. Brookfield’s real estate debt strategies are implemented through closed-ended and open-ended investment vehicles.
San Diego County has a target allocation to real estate of 9 percent.