San Antonio Fire and Police Pension Fund has approved commitments of $15 million to Covenant Apartment Fund IX and $10 million each to Invesco U.S. Value-Add Fund V, Townsend Real Estate Alpha Fund III and Rockpoint Real Estate Fund VI.
The $3 billion US public pension has a 9 percent target allocation to real estate that currently stands at 8.4 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.