The Los Angeles County Employees’ Retirement Association has committed $600 million across two real estate strategies, according to a report from the August 10 board meeting.
$300 million was committed to opportunistic fund, Blackstone Real Estate Partners X. The Fund will focus on investments in the United States and Canada.
$300 million was also committed to Brookfield Strategic Real Estate Partners IV. The Fund will make opportunistic investments focused on the Americas, Europe, and Asia-Pacific.
As of June 2022, the $73 billion pension allocates approximately 1.6% to non-core private real estate.
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