The Los Angeles Fire & Police Pension System has disclosed a commitment of up to $60 million to Oaktree Real Estate Opportunities IX, according to meeting materials from the September board meeting.
Pension staff also reviewed the Real Estate Strategic Plan with their real estate consultant, Townsend. Real estate planning objectives include considering up to $65 million in commitments to core and/or core plus funds and targeting up to $225 million in new non-core commitments.
As of March 31, 2023, the Pension System has an actual and target allocation to real estate of 6.2% and 7% respectively.
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