Seattle City Employees' Retirement System committed up to $25 million to Brookfield Strategic Real Estate Partners IV.
The $3.5 billion pension fund's board approved the commitment to the global opportunistic real estate fund managed by Brookfield Asset Management at its May 13 meeting, recently released meeting minutes show.
SCERS previously committed up to $25 million to Brookfield Strategic Real Estate Partners III in 2017.
As of March 31, the actual allocation to real estate was 8.5%; the target is 12%.
Jason Malinowski, chief investment officer, could not be immediately reached for further information.
