Oklahoma Teachers' Retirement System, Oklahoma City, has committed a total of $200 million to two real estate funds, according to Sarah Green, executive director of the $21.7 billion retirement system.
Oklahoma Teachers committed $100 million to KKR Real Estate Partners Americas IV, a real estate opportunistic fund led by Kohlberg Kravis Roberts & Co., and an additional $100 million to Starwood Distressed Opportunity Fund XIII, a real estate opportunistic fund managed by Starwood Capital Group. Both commitments were made at a board meeting on Feb. 21, Green said.
Oklahoma Teachers has invested previously with both asset managers, including a $150 million commitment to Starwood Opportunity Fund XII in 2020 and a $500 million commitment to KKR Private Credit Fund in 2023.
As of Dec. 31, Oklahoma Teachers' allocation to real estate was 7.5%. Its target allocation is 10%.
