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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.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.