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Jacksonville Police and Fire Pension Fund to increase real estate target allocation

The US public pension is introducing a non-core real estate target allocation.

Institution: Jacksonville Police and Fire Pension Fund
Headquarters: Jacksonville, United States
AUM: $2.07 billion
Allocation to alternatives: 11.31%

Jacksonville Police and Fire Pension Fund has agreed to boost its target allocation to private real estate from 10 percent to 15 percent, according to the pension’s November 2020 board of trustees meeting.

Jacksonville Police and Fire Pension Fund plans to introduce a 5 percent target allocation to non-core real estate. The pension currently has a 10 percent target allocation to core real estate.

As illustrated below, the pension currently allocates 11.31 percent of its full investment portfolio to real estate. Timothy Johnson serves as the pension’s executive director.

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