Ohio State Highway Patrol Retirement System, Columbus, committed $15 million to Oaktree Real Estate Opportunities Fund IX, a distressed credit real estate fund managed by Oaktree Capital Management, said Michael Press, chief investment officer and general counsel.
The $1 billion pension fund previously committed $20 million to Oaktree Real Estate Opportunities Fund VIII.
As of March 31, the actual allocation to real estate was 8.7%.
Investment consultant Clearstead assisted.
