Houston Police Officers’ Pension System committed $35 million to Starwood Distressed Opportunity Fund XIII.
The $7.5 billion pension fund’s board approved the commitment to the global opportunistic real estate fund managed by Starwood Capital Group at its Feb. 8 meeting, according to recently obtained meeting minutes.
HPOPS previously committed $35 million to Starwood Distressed Opportunity Fund XII in 2020.
As of Feb. 29, the pension fund’s actual allocation to alternative investments was 43.4%; the target is 45.8%.
