Oklahoma Firefighters Pensions & Retirement System, Oklahoma City, committed $50 million to Angelo Gordon Realty Value Fund XI, according to Troy Brown, executive director at AndCo Consulting, the system's investment consultant.
The commitment to the real estate fund was approved at a board meeting on Feb. 18 and builds on a previous investment with Angelo Gordon, Mr. Brown said in an email. The pension fund in 2014 invested $25 million in Angelo Gordon Net Lease Realty III, he said.
As of Jan. 31, the system's actual allocation to real estate was 10.1%. Its target allocation is 10%.
The system had $3.6 billion in assets as of Jan. 31.