Pa. pension fund approves $700M investment in Brookfield, TCI real estate funds
The Pennsylvania Public School Employees' Retirement System approved $700 million of commitments to real estate funds of Brookfield Asset Management Inc. and U.K.-based TCI Fund Management, IPE Real Assets reported, citing a meeting document.
The pension fund will invest $300 million in the Brookfield Strategic Real Estate Partners III fund and $400 million in the TCI Real Estate Partners III fund.
The pension fund said the Brookfield fund is aiming for a hard cap of $15 billion. It ...