Fort Worth Employees’ Retirement Fund’s Board of Trustees approved a $25 million real estate allocation to Ascentris Value Add Fund III. This is Fort Worth’s first investment with Ascentris and is part of the high growth allocation of the portfolio.
The $2.3 billion US public pension has a 13 percent target allocation to real estate that currently stands at 5.59 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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