Institution: Pennsylvania Public School Employees’ Retirement System
Headquarters: Harrisburg, US
AUM: $72.5 billion
Allocation to alternatives: 33.2%
Pennsylvania Public School Employees’ Retirement System has approved a $300 million commitment to Brookfield Strategic Real Estate Partners IV, according to a press release issued by the organization.
Brookfield Asset Management launched the vehicle in April 2021 targeting $17 billion in investor capital. As reported by PERE in June, this made it the first private real estate opportunity fund with a fundraising target north of $10 billion since the pandemic began. The fund will target investment opportunities in property assets and real estate operating companies in North America, Brazil, Europe and Australia.
PSERS currently allocates $5.37 billion to private real estate investments, comprising 7.4 percent of its total investment portfolio. The public pension has a target allocation to private real estate of 8 percent.
As illustrated below, PSERS’ recent private real estate commitments have focused on opportunistic and value-add vehicles that invest largely in North America.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
