Oklahoma Police Pension and Retirement System, Oklahoma City, will invest $40 million to $50 million in the JPMorgan Strategic Property Fund, confirmed Bob Wallace, executive director. This is the $1.6 billion systems first real estate allocation. Asset Consulting Group assisted with the RFP, which was issued in January. Funding comes from rebalancing, and no managers are being terminated.
Separately, the plan committed $7.5 million each to OCM Opportunities Funds VII and VII B, both distressed debt funds, and to Weathergage Capital, a venture capital fund of funds. Funding will come from cash.