Arizona Public Safety Personnel Retirement System, Phoenix, disclosed two new real estate commitments totaling $350 million.
The $18.5 billion pension fund committed $250 million to opportunistic real estate fund Henderson Park North America Real Estate Fund I, and €100 million ($100 million) to Patron Capital VII, an opportunistic real estate fund managed by Patron Capital Advisers, spokesman Christian Palmer said in an email. Both commitments were completed in August.
As of July 31, the pension fund's actual allocation to real estate was 4.2%.
