New York State Common Retirement Fund (NYSCRF) has approved a $125m (鈧�107.2m) co-investment alongside Brookfield Asset Management鈥檚 fifth global opportunistic real estate fund.
The $284bn pension fund鈥檚 commitment to Brookfield Strategic Real Estate Partners (BSREP) V Co-Invest follows a $375m direct investment to the main fund, BSREP V, which was made in March this year.
NYSCRF told 麻豆映画 Real Assets: 鈥淭he recent commitment to Brookfield ensures that the CRF will have continued exposure to global real estate investment opportunities with a manager that can execute at scale.
鈥淭he global strategy of the Brookfield fund fits within the CRF鈥檚 current investment plan and meets CRF鈥檚 objectives, including the size of the investment.鈥�
The Brookfield strategic real estate partners fund series has a history of investing in a variety of property types, including office, multifamily, logistics, retail, hospitality, mixed-use and alternatives.
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