Oklahoma-based pension commits $25m to real estate fund
The $2.3 billion Oklahoma Firefighters Pension & Retirement System has committed $25 million to Portfolio Advisors Real Estate Fund VI, according to spokesman Troy Brown in an email.
The closed-end Portfolio Advisors Real Estate Fund VI, managed by Portfolio Advisors, is a real estate fund of funds that invests in Asia, Europe and the United States. Portfolio Advisors had raised $182.9 million for the fund in April 2016.
Portfolio Advisors Real Estate Fund V, the fund’s predecessor, held a final close of $437 million in October 2015. As of its final close, PAREF V had made nine primary fund investments, purchased 21 partnership interests on the se