T
he Oklahoma Police Pension and Retirement System has made a strategic move to bolster its real estate portfolio, allocating $20 million to Humphreys Fund V at its recent board meeting. This decision comes on the heels of a strong year for the fund, which boasted a 5.04% return as of March 31, despite core and opportunistic investments experiencing losses of 2.64% over the same period.
The recommendation to invest in Humphreys Fund V was made by Asset Consulting Group, highlighting the firm's expertise in identifying high-potential real estate opportunities. With a focus on privately negotiated, off-market deals, Humphreys Capital has built a $1.5 billion portfolio that showcases its ability to navigate complex transactions.
This new investment marks a significant milestone for the Oklahoma pension system, which has not made a real estate allocation since 2023 when it invested $25 million in Blackstone Real Estate Partners Fund X. The addition of Humphreys Capital's expertise will further diversify the pension's portfolio, which already includes investments with prominent firms such as Siguler Guff, Cerberus, and Angelo Gordon.
