San Jose (Calif.) Federated City Employees' Retirement System committed €11 million ($12.8 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 $2 billion pension fund previously committed €13 million to Tristan European Property Investors Special Opportunities 4 in 2015.
As of June 30, the system's actual allocation to real estate was 7.4%.
