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Boca Raton police and fire plan sets $10 million for Siguler Guff fund

Boca Raton (Fla.) Police & Firefighters' Retirement System committed $10 million to Siguler Guff Distressed Real Estate Opportunities Fund II-B, a real estate fund of funds managed by Siguler Guff & Co., said recently released board meeting minutes.

The $348 million pension fund's board approved the commitment for the same amount as its commitment to DREOF II-A,, to which it committed $10 million to in 2014. Investment consultant Segal Marco Advisors assisted.

Leslie Harmon, pension manager, could not be immediately reached to provide further information.