Oklahoma Teachers assigns $120 million to 2 opportunistic real estate funds

Oklahoma Teachers' Retirement System, Oklahoma City, committed $120 million total to two opportunistic real estate managers, said Tom Spencer, executive director of the $16.1 billion pension fund, in an email.

The pension fund committed $60 million each to Dune Real Estate Fund IV, managed by Dune Real Estate Partners, and $60 million to GreenOak U.S. III, managed by GreenOak Real Estate.

The pension fund previously invested with both managers in other funds.

The pension fund has a 9% real estate target and current allocation of 7%.

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