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LACERS commits $50m to Oaktree Real Estate Opportunities Fund IX
Investors - OCTOBER 13, 2023

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LACERS commits $50m to Oaktree Real Estate Opportunities Fund IX

by Lewis Dayton

The Los Angeles City Employees’ Retirement System (LACERS) has committed $50 million to Oaktree Real Estate Opportunities Fund (OREOF) IX.

Managed by Oaktree Capital Management, OREOF IX is seeking $6 billion of capital and will invest opportunistically in debt secured by properties in Australia, China, Denmark, Germany, Japan, the Netherlands, Poland, South Korea and the United Kingdom.

OREOF IX’s predecessor fund, OREOF VIII, closed in March 2021 with $4.7 billion of raised capital, surpassing its initial target of $3.5 billion.

LACERS, with $21.6 billion of assets under management, has 12.8 percent ($2.86 billion) of its portfolio allocated toward real assets, slightly above its 12 percent target allocation for the asset class.

For more information about this fund and others, visit the IREI.Q database.

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