Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, United States
Allocation to alternatives: 36.50%
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.
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