Oklahoma TRS approves $150m commitment

The US public pension has backed a North America-focused fund.

Institution: Oklahoma Teachers’ Retirement System
Headquarters: Oklahoma City, United States
AUM: $17.6 billion
Allocation to alternatives: 16.5%

Oklahoma Teachers’ Retirement System backed a real estate fund from Starwood Capital Group at its October 2020 meeting, according to an investment committee meeting document.

The system committed $150 million to Starwood Distressed Opportunity Fund XII. The fund is targeting $7.5 billion and focuses on distressed assets and dislocated real estate investments.

The pension has an established relationship with Starwood Capital Group, having committed to Starwood Global Opportunity Fund X, XI and XII.

As illustrated below, Oklahoma TRS commits to funds that adopt value-add, debt and opportunistic strategies.

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