Kern County pension fund makes $140m investments to real estate

Kern County Employees’ Retirement Association has made four commitments on behalf of its real estate portfolio.  

The pension fund allocaed $50 million to TPG Angelo Gordon Essential Housing Fund III, a real estate debt fund that invests in housing properties managed by Angelo, Gordon & Co. 

Approximately $50 million is allocated to the Sculptor Real Estate Fund V (opportunistic real estate strategy), and $10 million to the co-investment fund Sculptor Real Estate Fund V Co-Invest. Both funds are managed by Sculptor Real Estate.

Additionally, $30 million is allocated to Covenant Fund XII, a real estate value-added