DCRB agrees $40m commitment

The US public pension re-upped with Wheelock Street Capital, backing the manager's sixth series opportunistic real estate vehicle.

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Institution: District of Columbia Retirement Board
Headquarters: Washington DC, United States
AUM: $8.54bn
Allocation to alternatives: 13.0%
Bitesize: $10-50m

District of Columbia Retirement Board has agreed to commit $40 million to Wheelock Street Real Estate Fund VI, according to the pension’s October Board meeting minutes. DCRB previously committed $25 million to the fund’s 2016-vintage predecessor.

The $8.54 billion US public pension has a 6.0 percent target allocation to real estate that currently stands at 5.0 percent.

As illustrated below, DCRB has made three commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $110 million.

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