The California Public Employees Retirement System (CalPERS), the nation's largest pension fund with more than $463B in assets, has invested $1.85B in two CRE debt funds.
CalPERS disclosed in a meeting document that it has approved a $1.5B commitment to Blackstone Real Estate Debt Strategies V and it has placed $360M into Mesa West Real Estate Income Fund V, according to a report in IPE Real Assets.
CalPERS also made a $750M investment in Brookfield Infrastructure Fund V and a $500M investment in DB SAF C Strategic Partners, the report said. Last month, IPR reported that commitments to Brookfield's fifth global flagship infrastructure fund had reached $27B.
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