Oklahoma City Employee Retirement System committed $15 million to Starwood Distressed Opportunity Fund XII.
The $777 million pension fund's board approved the commitment to the opportunistic real estate fund managed by Starwood Capital Group at its Nov. 12 meeting, a webcast of the remote meeting shows.
As of Oct. 31, the actual allocation to opportunistic real estate was 0.9%; the target is 5%.
Investment consultant Asset Consulting Group assisted.