DCRB confirms a €70m commitment

The $11.3bn public pension fund has approved a €70m commitment to Aermont Capital Real Estate Fund V.

Institution: District of Columbia Retirement Board
Headquarters: Washington DC, US
AUM: $11.3 billion
Allocation to alternatives: 13.1%

District of Columbia Retirement Board has approved a €70 million commitment to Aermont Capital Real Estate Fund V, according to the pension’s March 2022 board meeting minutes.

DCRB has a established relationship with Aermont Capital, as they have previously committed capital to predecessor funds.

The $11.3 billion US public pension currently allocates 3.9 percent to real estate. Its recent fund commitments have been heavily focused in North America, with strategies ranging between opportunity and value added.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.