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FUNDRAISING NEWS | August 15, 2023
The Pennsylvania Public School Employees’ Retirement System has approved two real estate investments totaling up to $500 million.
$200 million was committed to TCI Real Estate Partners Fund IV, a real estate debt fund managed by TCI Fund Management. Another $300 million was committed to the opportunistic real estate fund, Brookfield Strategic Real Estate partners V.
Aksia assisted with the real estate investments.
An interim strategic asset allocation mix was also approved at the August 11 meeting. Investment Grade Fixed Income was increased by 5%, the public real assets target was decreased by 4%, the absolute return target of 4% was eliminated, and net leverage was brought to 0%.
Approved at the meeting:
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Written By: Koncheng Moua, Director of Data Management and Strategy
Koncheng Moua is the Director of Data Management and Strategy at Dakota.
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