Baltimore City Fire and Police Employees’ Retirement System approves $30m commitment

The US public pension has backed LaSalle's 8th Income & Growth Fund.

Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, United States
AUM: $2.72bn
Allocation to alternatives: 36.50%
Bitesize: $10-50m

Baltimore City Fire and Police Employees’ Retirement System (BCFPERS) approved a $30 million commitment to LaSalle Income & Growth Fund VIII at its February Board meeting, a contact at the pension informed PERE. BCFPERS previously committed $25 million to the fifth fund in the series.

The $2.72 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.60 percent.

As illustrated in the charts below, BCFPERS tends to target value-add or opportunistic real estate investments in industrial, office, residential and retail property.

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