The Oklahoma Municipal Retirement Fund (OkMRF) has approved a $30 million commitment to the open-end, value-add real estate Clarion Lion Industrial Trust fund.
Clarion Lion Industrial Trust, managed by Clarion Partners, seeks to own, develop, manage and strategically sell industrial warehouse properties and land in 25 U.S. markets.
The fund has picked up a number of other U.S. pension funds as investors, including the Teachers' Retirement System of Louisiana, the San Jose Police and Fire Department Retirement Plan, the San Jose Police and Fire Retiree Health Care Trust Fund, the San Jose Federated City Employees’ Retirement System and the San Jose Federated Retiree Health Care Trust Fund.
In other news, OkMRF recently approved a motion to shift its real assets allocation from 5 percent to 10 percent.
