South Dakota Investment Council, Sioux Falls, made two new allocations to alternatives funds totaling up to $285 million for the $14.6 billion South Dakota Retirement System, Pierre, confirmed Tammy Otten, assistant investment officer, in an email.
At its Aug. 31 meeting, the council approved a commitment of up to $300 million to Brookfield Strategic Real Estate Partners IV, a global real estate fund run by Brookfield Asset Management; and an investment up to $15 million to Telsey Consumer Fund, a hedge fund investing in consumer-based companies run by Telsey Consumer Fund Management.
Of the commitment to the Brookfield fund, $270 million was made on behalf of the state retirement system, while $13 million came from the $726 million Education Enhancement Trust Fund, $7 million from the $379 million School & Public Lands Fund, $6 million from the $379 million Dakota Cement Trust Fund and $4 million from the $223 million Healthcare Trust Fund.
The council previously committed to Brookfield Strategic Real Estate Partners III.
