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Pa. pension fund approves $700M investment in Brookfield, TCI real estate funds

Oct 19, 2018 - SNL Financial

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 ...