Institution: San Jose Federated City Employees’ Retirement System
Headquarters: San Jose, United States
Allocation to alternatives: 25.50%
San Jose Federated City Employees’ Retirement System announced commitments of $65 million to BlackRock US Core Property Fund (open ended) and $46 million to Lion Properties Fund (open ended).
The $2.11 billion US public pension has an 8.0 percent target allocation to private real estate that currently stands at 2.2 percent. In 2019, San Jose FCERS has committed $121 million to real estate.
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