Arlington County (Va.) Employees' Retirement System committed $25 million to Marcus Capital Partners Fund III, recently released board meeting minutes show.
The $2.2 billion pension fund's board approved the commitment to the value-added real estate fund managed by Marcus Partners at its April 4 meeting.
As of Sept. 30, the pension fund's actual allocation to real estate was less than 1%, according to the most recently available investment report.
Daniel Zito, executive director and chief investment officer, could not be immediately reached to provide further information.
