Oklahoma Firefighters slates $50m for Angelo Gordon Realty Value Fund XI

Oklahoma Firefighters Pension & Retirement System has approved a $50 million commitment to Angelo Gordon Realty Value Fund XI, 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, closed in May 2019 with a total of $2.75 billion in capital commitments, exceeding its target of $2.5 billion.

That fund invests in distressed and underperforming properties in the United States, primarily, and 20 percent in Europe and Asia.

A fundraising target for Fund XI was not available at the time of publication.

For more information about this fund and others, please visit o