Institution: Lubbock Fire Pension Fund
Headquarters: Lubbock, United States
Allocation to alternatives: 18.17%
Lubbock Fire Pension Fund committed $10 million to American Strategic Value Realty Fund. Capital raised by the fund is being used to invest in core plus properties throughout the United States across several sectors including retail, industrial, office, hospitality and multifamily properties.
The $193.22 million US public pension has a 12 percent target allocation to real estate that currently stands at 12.39 percent.
As illustrated in the charts below, Lubbock Fire Pension Fund devotes 18.17 percent of its investment portfolio to alternative assets. The pension currently has an 18.50 percent target allocation to alternatives.
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