Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, United States
AUM: $2.86 billion
Allocation to alternatives: 25.7%
Baltimore City Fire and Police Employees’ Retirement System has committed to three real estate funds, according to a September 2020 board meeting document.
The institution invested up to $15 million to Torchlight Debt Opportunity Fund VII, which is targeting $1.5 billion and focuses on multiple sectors in North America; $15 million to Dalfen Last Mile Industrial Fund IV; and $15 million to IPI Data Center Partners Fund II, which invests in multiple sectors in North America.
Real estate makes up 8.8 percent of the $2.86 billion pension’s total portfolio. BCFPERS has committed between $15 million to $30 million per fund to real estate.
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