The commitment comes from one of the country’s largest state pension funds

Investment and development firm GPI Companies has received a $300 million commitment for its real estate fund, and will use the capital for multifamily, office and industrial properties, and retail conversions.

The commitment came from one of the country’s largest state pension funds, according to Los Angeles-based GPI.

The firm now has $500 million from the state retirement system, which previously allocated the fund $200 million. GPI declined to reveal which retirement system made the commitments.

Other state pension funds have also been making big splashes in L.A. real estate.