Los Angeles Fire & Police Pensions committed up to $60 million to Oaktree Real Estate Opportunities Fund IX, according to a report of closed session actions taken by the board of the $30 billion pension fund.
The opportunistic real estate fund is managed by Oaktree Capital Management. The pension fund has invested with Oaktree in the past, including a $20 million commitment to distressed debt fund Oaktree Opportunities Fund IX in 2012.
