San Bernardino County Commits $150M to Real Estate

The San Bernardino County approved a $150 million commitment to TPG Angleo Gordon - Essential Housing Fund III, according to minutes from the March 14th Investment Committee meeting. 

TPG previously completed the acquisition of Angelo Gordon in the fourth quarter of 2023.

Current managers of the SBCERA real estate portfolio include Kayne Anderson, PGIM, Apollo, and Invesco. 

As of December 31, 2023, the $14 billion pension fund allocates approximately 4% to real estate with a target of 5%.

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