San Jose Federated Retiree Healthcare Trust approves $30m in commitments

The US public pension has backed two North America focused funds.

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Institution: San Jose Federated Retiree Healthcare Trust
Headquarters: San Jose, United States
AUM: $303.34m
Allocation to alternatives: 7.50%
Bitesize: $10-50m

San Jose Federated Retiree Healthcare Trust announced commitments of $18 million to BlackRock US Core Property Fund (open ended) and $12 million to Lion Properties Fund (open ended).

The $303.34 million US public pension has a 7.50 percent current allocation to private real estate. As illustrated in the charts, San Jose Federated Retiree Healthcare Trust has made two commitments to real estate in 2019, totaling $30 million.

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