Oklahoma Firefighters Pension & Retirement System, Oklahoma City, committed $15 million to Humphreys Fund V, according to Troy Brown, a managing director at Mariner Institutional, the pension fund’s investment consultant.
The commitment to the opportunistic real estate fund managed by Humphreys Capital was approved at a board meeting Jan. 17 and represents Oklahoma Firefighters’ first commitment with the asset manager, Brown said in an email.
The $3.9 billion pension fund had 9.1% allocated to real estate as of Jan. 31, 2024. It’s target allocation is 10%, Brown said.
