Pennsylvania Public School Employees’ Retirement System, Harrisburg, committed up to $250 million to Brookfield Infrastructure Structured Solutions.
The $77.4 billion pension fund’s board approved the commitment to the infrastructure fund managed by Brookfield Asset Management at its Oct. 25 meeting, a news release said.
PennPSERS has made multiple commitments to Brookfield funds, most recently committing up to $300 million to Brookfield Strategic Real Estate Partners V in 2023.
As of June 30, the pension fund’s actual allocation to private infrastructure was 3%; the target is 5%.
