Oklahoma Teachers commits $100m to Oaktree real estate fund

The $20.7 billion Oklahoma Teachers’ Retirement System has committed $100 million to Oaktree Real Estate Opportunities (OREC) Fund IX.

Managed by Oaktree Capital Management, the ninth vintage of the firm’s Real Estate Opportunities Fund is seeking to raise $6 billion, up from the $4.7 billion that OREC Fund VIII closed with in March 2021 (that fund, OREC Fund VIII, had a target fundraising goal of $3.5 billion). OREC Fund IX will make investments opportunistically across global markets, with a specific focus in debt secured by properties in Australia, China, Denmark, Germany, Japan, the Netherlands, Poland, South Korea and the United Kingdom.

Oklahoma Teachers’ Retirement System has a policy target of 10 percent real estate allocation for their portfolio. As of June 30, however, the fund’s actual allocation toward real estate was 7.7 percent.

For more information about this commitment or other funds, please visit our IREI.Q