Searches and Hires

Louisiana State Police slates $5 million for Brookfield real estate fund

Louisiana State Police Retirement System, Baton Rouge, committed $5 million to Brookfield Strategic Real Estate Partners III, an opportunistic real estate fund managed by Brookfield Asset Management, said Irwin L. Felps Jr., executive director.

It is the $875 million pension fund's first commitment to a fund managed by Brookfield.

As of July 31, the pension fund's actual allocation to real estate was 7.2%; the target is 7.5%.