Institution: District of Columbia Retirement Board
Headquarters: Washington DC, United States
Allocation to alternatives: 13.0%
District of Columbia Retirement Board has approved a $40 million commitment to DivcoWest Fund VI, according to the pension’s January 2020 board meeting minutes. DCRB previously committed $25 million to the fund’s predecessor in January 2017.
The $8.52 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 four commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $150 million.
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