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PSPRS approves $120m in commitments

The US retirement system has backed two North America-focused real estate funds.

Institution: Arizona Public Safety Personnel Retirement System
Headquarters: Phoenix, United States
AUM: $10bn
Allocation to alternatives: 49.06%

The Arizona Public Safety Personnel Retirement System board of trustees has agreed to commit $80 million to Iron Point Real Estate Partners IV and $40 million to Alcion Real Estate Partners IV, according to a document from a meeting held on November 28th.

The $10 billion public retirement system has a 10% target allocation to real estate that currently stands at 9.36%.

As illustrated in the charts below, PSPRS has a 49.06% allocation to alternatives, 9.36% of which includes real estate investments.

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