Ocala (Fla.) General Employees' Retirement System committed $8 million to Long Wharf Real Estate Partners VI, a value-added real estate fund managed by Long Wharf Capital, said Alicia Gaither, pension manager.
The $152 million pension fund previously committed $3 million to Long Wharf Real Estate Partners V in 2015.
As of Dec. 31, the actual allocation to real estate was 12.6%; the target is 12.5%.
Investment consultant Segal Marco Advisors assisted.