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Baltimore Fire and Police steps up RE target allocation for 2020

The US public pension has boosted its target allocation to real estate by one percent.

Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, United States
AUM: $2.89bn
Allocation to alternatives: 25.60%
Bitesize: $10-50m

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.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.