Houston Police Officers' Pension System committed $35 million to Starwood Distressed Opportunity Fund XII.
The $5.6 billion pension fund's board approved the commitment to the global opportunistic real estate fund managed by Starwood Capital Group at its Aug. 13 meeting, according to meeting minutes obtained through a Freedom of Information Act request.
As of June 30, the pension fund's actual allocation to alternative investments was 27.8%.
Officials declined to provide further comment.
