The $2.5 billion Chicago Policemen’s Annuity & Benefit Fund has committed a total of $85 million to four real estate funds, according to Aoifinn Devitt, the pension fund’s chief investment officer.
Chicago Policemen’s Annuity & Benefit Fund committed to the following funds:
$30 million to TA Realty Associates Fund XII
$25 million to Oaktree Real Estate Income Fund
$15 million to Blackstone Property Partners
$15 million to TerraCap Partners IV
TA Realty Associates Fund XII is a value-added real estate fund managed by TA Associates Realty, a U.S. real estate investment management firm. The firm’s value-add strategy invests in four property types throughout the United States: office, industrial, multifamily and retail.
Oaktree Real Estate Income Fund is a core-plus, value-added real estate fund, managed by Oaktree Capital Management, a global alternative investment management firm.
Blackstone Pr
