Oklahoma Teachers' Retirement System, Oklahoma City, committed $100 million to Oaktree Real Estate Opportunities Fund IX, according to Sarah Green, executive director of the $20.7 billion pension fund.
The commitment to the opportunistic real estate fund managed by Oaktree Capital Management was approved at a board meeting Aug. 23. It is the pension fund's first commitment with the asset manager, Ms. Green said.
As of June 30, the pension fund's actual allocation to real estate was 7.7%. Its target allocation is 10%.