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Oklahoma TRS approves $150m commitment

The US public pension has backed a global private debt fund.

Institution: Oklahoma Teachers’ Retirement System
Headquarters: Oklahoma City, United States
AUM: $17.6 billion
Allocation to alternatives: 16.5%

Oklahoma Teachers’ Retirement System backed a fund from Starwood Capital Group at its October 2020 meeting, according to an investment committee meeting document.

The system committed $150 million to Starwood Distressed Opportunity Fund XII. The fund is targeting $7.5 billion and focuses on distressed assets and dislocated real estate investments.

As illustrated below, Oklahoma TRS commits to funds that make investments into real estate in North America, Asia-Pacific and Europe.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.