Brockton (Mass.) Contributory Retirement System committed $4 million to Intercontinental Real Estate Investors, $3 million to SSR Realty Advisors and $3 million to TA Associates Realty, said Harold P. Hanna Jr., executive director.
The $185 million pension plan will fund the commitments from maturing commitments to the L&B Property Fund IV and the SSR Realty MAC Trust Fund.
The plan’s asset allocation is 42% domestic equity, 9% international equity, 30% domestic fixed income, 6% international fixed income, 6% pooled real estate, 4% pooled venture capital and 3% cash. H.C. Wainwright advised.
