Oklahoma Firefighters Pension & Retirement System, Oklahoma City, committed $50 million to the Mesirow Financial Real Estate Value Fund IV, a value-added fund.
The board of the Oklahoma firefighters' $3.2 billion pension fund approved the commitment at a meeting Friday, according to Troy Brown, executive director at AndCo Consulting, the pension fund's investment consultant.
The pension fund previously committed $25 million to Mesirow Financial Real Estate Value Fund II in 2014, Mr. Brown said.
The pension fund's actual and target allocations to real estate are 9.2% and 10%, respectively.
