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