San Diego City Employees' Retirement System committed $30 million to KKR Real Estate Partners Americas III, said Elizabeth Crisafi, CIO of the $9.8 billion pension plan, in an email.
KKR Real Estate Partners Americas is a non-core, opportunistic closed-end fund investing primarily in the U.S. This is SDCERS' first investment with the fund's manager, KKR & Co., Ms. Crisafi said.
Real estate consultant Townsend Group, an Aon company, assisted.
