Oklahoma Teachers' Retirement System, Oklahoma City, committed $100 million to FCP Realty Fund V, a real estate fund.
The commitment was approved Wednesday at a board meeting, the pension fund's executive director, Tom Spencer, said in an email.
The commitment is part of a longer-term plan to increase the $21.1 billion pension fund's allocation to opportunistic real estate, Mr. Spencer said. The fund committed $35 million to FCP Realty Fund IV in 2018.
As of April 30, the pension fund had 5.89% allocated to real estate. Its target allocation is 9%.