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Oklahoma Police Pension and Retirement System approves $38m in commitments

The US public pension has backed two global real estate funds.

Institution: Oklahoma Police Pension and Retirement System
Headquarters: Oklahoma City, United States
AUM: $2.60bn
Allocation to alternatives: 17.0%
Bitesize: $10-50m

Oklahoma Police Pension and Retirement System has agreed to commit $18 million to Blackstone Real Estate Partners IX and $20 million to AG Realty Fund X, according to the pension’s latest investment report.

The $2.60 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 8.80 percent.

As illustrated in the charts below, the aforementioned real estate commitments are Oklahoma Police’s first since committing $15 million to 2015 vintage Cerberus Institutional Real Estate Partners IV.

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