Boston Retirement System approved two new opportunistic real estate commitments totaling $20 million.
The $7.4 billion pension fund’s board approved commitments of $10 million each to AEW Partners Real Estate Fund X managed by AEW Capital Management and Kayne Anderson Real Estate Partners VII managed by Kayne Anderson Capital Advisors at its Dec. 18 meeting, recently released meeting minutes showed.
As of Nov. 30, the pension fund’s actual allocation to real estate was 8.4%; the target is 10%.
Investment consultant NEPC assisted.
