Kern County Employees’ Retirement Association has made four commitments on behalf of its real estate portfolio.
The pension fund allocated $50 million to TPG Angelo Gordon Essential Housing Fund III, a real estate debt fund which invests in housing properties, managed by Angelo, Gordon & Co.
Approximately $50 million has been planned to be invested in the Sculptor Real Estate Fund V, opportunistic real estate strategy, and $10 million allocated to the co-investment fund Sculptor Real Estate Fund V Co-Invest. Both funds are managed by Sculptor Real Estate, the New York-based private equity real estate firm formerly known as Och-Ziff Real Estate.
Additionally, $30 million was allocated to Covenant Fund XII, a real estate value added fund managed by Covenant Capital Group.
For more information about this fund and others, visit the IREI.Q database.
