Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, United States
Allocation to alternatives: 25.60%
Baltimore City Fire and Police Employees’ Retirement System has increased its target allocation to real estate from 10.0 to 11.0 percent for calendar year 2020, according to the pension’s January 2020 board meeting minutes.
The $2.89 billion US public pension has an 8.80 percent current allocation to real estate.
As illustrated below, four of Baltimore Fire and Police’s last five real estate commitments have been to funds with a value-add risk-return strategy.
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