Maine Public Employees Retirement System (MainePERS) has slated up to $50 million for the Angelo Gordon Realty XI fund, according to a recent meeting document.
Oklahoma Firefighters Pension & Retirement System also approved a $50 million commitment to the fund earlier this month.
Angelo Gordon Realty Value Fund XI is a closed-end real estate debt investment vehicle managed by Angelo Gordon. Angelo Gordon acquires underperforming assets in the United States, Europe and Asia for its real estate strategy. The firm invests in commercial real estate debt, with an emphasis on CMBS securities, and in net-lease real estate, focusing on the sale/leaseback of mission-critical, corporate facilities.
The previous fund in the series, Angelo Gordon Realty Value Fund X, clos
