CFRS approves $105m in commitments

The US public pension has backed three North America-focused funds.

Institution: City of Fresno Retirement Systems
Headquarters: Fresno, US
AUM: $3.71 billion
Allocation to alternatives: 27.27%

City of Fresno Retirement Systems has committed $105 million across three private real estate vehicles, as mentioned during its September 2021 retirement board meeting.

The commitments comprised $50 million to Kayne Anderson Real Estate Partners VI, $30 million to Artemis Real Estate Partners Fund IV and $25 million to Alidade Capital Fund V.

As illustrated below, the pension’s recent fund commitments have focused on investments in North America. It currently allocates 11.79 percent of its investment portfolio to real estate.

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