Institution: New York State Teachers’ Retirement System
Headquarters: Albany, US
AUM: $118.76 billion
Allocation to alternatives: 24.6%
New York State Teachers’ Retirement System approved the formation of a real estate secondaries-focused separate account managed by Brookfield Asset Management in Q1 2021, a contact at the pension informed Secondaries Investor.
The $600 billion Canadian asset manager hired executives to work on the launch of its real estate secondaries business last year.
As illustrated below, NYSTRS previously made a $150 million commitment to Landmark Partners’ real estate secondaries-focused Fund VIII in 2017.
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