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San Jose Police and Fire Healthcare Trust approves $15m in commitments

The US public pension has backed two North America focused funds with a core strategy.

Institution: City of San Jose Police and Fire Department Retirement Plan Healthcare Trust
Headquarters: San Jose, United States
AUM: $145.39m
Allocation to alternatives: 14.70%
Bitesize: $5-10m

City of San Jose Police and Fire Department Retirement Plan Healthcare Trust committed $8 million to BlackRock US Core Property Fund and $6 million to Lion Properties Fund (managed by Clarion Partners). Both funds will target core real estate throughout North America across diversified sectors.

The $145.39 million US public pension allocates 14.70 percent to alternative assets, 9.80 percent of which is devoted to real estate. Mr. Prabhu Palani is the current Chief Investment Officer.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.