Chicago Policemen's Annuity & Benefit Fund committed $15 million to Lone Star Fund X, said Aoifinn Devitt, chief investment officer of the $2.3 billion pension fund, in an e-mail.
The real estate debt fund is managed by Lone Star Funds.
The pension fund previously committed to Lone Star Fund VI and Lone Star Real Estate Fund.
The pension fund has a 5% real estate target and a current allocation of 3.6%.
