Sacramento County Employees’ Retirement System (SCERS) has invested $252 million in two open-end real estate funds according to board meeting documents. SCERS sold six core separate account properties to acquire $152 million of shares in the Clarion Lion Property Fund and committed $100 million to the core plus Brookfield Premier Real Estate Partners. The latter fund is focused on the retail, industrial, office, diversified, multi family and residential sectors.
The $9.4 billion public pension has a 7 percent target allocation to private equity real estate that currently stands at 9.50 percent.
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