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 $6.50 million to Rockpoint Real Estate Fund VI and $5.50 million to Exeter Industrial Value Fund V.
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 $133 million to real estate.
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