OKFPRS approves $100m in commitments

The US public pension has backed two North American real estate funds.

Institution: Oklahoma Firefighters Pension & Retirement System
Headquarters: Oklahoma City, US
AUM: $2.85 billion
Allocation to alternatives: 21.30%

Oklahoma Firefighters Pension & Retirement System has agreed to commit $50 million each to Centerbridge Partners Real Estate Fund II and TerraCap Partners Fund V, a contact at the pension informed PERE.

The $2.85 billion US public pension has a 11.20 percent allocation to real estate.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the industrial, office, hospitality and residential sectors within Europe and North America.

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