Houston Police Officers' Pension System approved two new real estate fund commitments totaling $80 million.
The $7.1 billion pension fund's board at its July 13 meeting approved commitments of $40 million each to value-added fund Bain Capital Real Estate Fund III and Brookfield Strategic Real Estate Partners V, a global opportunistic fund managed by Brookfield Asset Management, recently obtained meeting minutes showed.
As of June 30, the pension fund's actual allocation to alternative investments was 43.4%; the target is 45.8%.
Stacey Ables, chief investment officer, and Pat Franey, executive director, could not be immediately reached for further information.
