Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, US
AUM: $3.54 billion
Allocation to alternatives: 19.1%
Baltimore City Fire and Police Employees’ Retirement System has committed $60 million to three real estate funds, according to a December 2021 investment report document.
The institution committed $20 million to ABR Chesapeake Investors Fund VI, $20 million to BIG Real Estate Fund II and $20 million to Kayne Anderson Real Estate Partners VI. The funds are managed by Alex Brown Realty, Basis Investment Group and Kayne Anderson Capital Partners, respectively.
The pension fund has previously committed capital to Alex Brown Realty. A new investment relationship has been established for both Kayne Anderson and Basis Investment Group with BCFPERS with a first time commitment to both.
BCFPERS’s current real estate allocation stands at 6.7 percent with a target of 11 percent. The $3.54 pension fund predominately commits to vehicles allocated in North America.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.