Boston Retirement System committed a total of $60 million to two opportunistic real estate funds, confirmed John Kelly, investment analyst for the $6.6 billion pension fund.
At its Oct. 20 meeting, the board committed $30 million apiece to Centerbridge Partners Real Estate Fund II and Kayne Anderson Real Estate Partners VI, managed by Kayne Anderson Capital Advisors.
The retirement system issued an RFP seeking closed-end real estate funds in March.
NEPC, the plan's investment consultant, assisted in the search and selection of these funds.
