Seattle City Employees’ Retirement System committed up to $20 million to Brookfield Real Estate Secondaries Fund.
The $4.1 billion pension fund’s board approved the commitment to the real estate secondaries fund managed by Brookfield Asset Management at its July 11 meeting, said Jason Malinowski, chief investment officer.
SCERS has made multiple commitments to the manager, most recently approving a $30 million commitment last November to Brookfield Strategic Real Estate Partners V.
As of March 31, the pension fund’s actual allocation to real estate was 10.6%;
