Searches and Hires

Tallahassee Pension Plan commits $40 million to 2 real estate funds

Tallahassee (Fla.) Pension Plan made two new real estate commitments totaling $40 million, said Kent Olson, the city's deputy treasurer-clerk.

The $1.6 billion pension fund committed $20 million each to AG Realty Fund X, a value-added real estate fund managed by Angelo, Gordon & Co. and TA Realty Associates XII, a value-added real estate fund.

The pension fund has made commitments to multiple previous funds of both managers; the pension fund's real estate target allocation is 15%, Mr. Olson said.