San Antonio Fire & Police approves $45m in commitments

The US public pension has backed North America-focused and global funds.

San Antonio Fire and Police Pension Fund has approved commitments of $15 million to Covenant Apartment Fund IX and $10 million each to Invesco U.S. Value-Add Fund V, Townsend Real Estate Alpha Fund III and Rockpoint Real Estate Fund VI.

The $3 billion US public pension has a 9 percent target allocation to real estate that currently stands at 8.4 percent.

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