Arizona Public Safety Personnel Retirement Commits to Two Real Estate Funds

The Arizona Public Safety Personnel Retirement System has committed to two real estate funds, according to meeting materials from the September 21 board meeting.

The Retirement System committed to Patron Capital VII, an opportunistic real estate fund managed by Patron Capital Advisers. In addition, they also committed to Henderson Park North America Real Estate Fund I, an opportunistic real estate fund managed by Henderson Park. 

Details of the commitment amounts were not immediately available.

The $18.5 billion retirement system currently allocates approximately 7% to real estate.

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