DCRB confirms $40m commitment

The US public pension has backed DivcoWest's sixth series real estate fund.

Institution: District of Columbia Retirement Board
Headquarters: Washington DC, United States
AUM: $8.52bn
Allocation to alternatives: 13.0%
Bitesize: $10-50m

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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