El Paso (Texas) Firemen & Policemen's Pension Fund approved three new non-core real estate commitments totaling $39 million, said Tyler C. Grossman, executive director, in an email.
The $1.9 billion pension fund's board at its Jan. 19 meeting approved commitments of $14 million each to Artemis Real Estate Partners Fund IV and Invesco Real Estate U.S. Fund VI, and $11 million to Carlyle Property Investors, managed by Carlyle Group.
As of Sept. 30, the pension fund's actual allocation to real estate and real assets was 7.3%; the target is 10%.
