San Jose (Calif.) Police and Fire Retirement System committed €19 million ($22 million) to Tristan European Property Investors Special Opportunities 5, a European real estate fund managed by Tristan Capital Partners, said Prabhu Palani, chief investment officer, in an email.
The $3.5 billion pension fund previously committed €18 million to Tristan European Property Investors Special Opportunities 4 in 2015.
As of June 30, the pension fund's actual allocation to real estate was 8%.
