Fresno (Calif.) City Retirement Systems made a follow-on commitment of €25 million ($26 million) to Curzon Capital Partners 5 Long-Life.
The follow-on commitment to the open-end pan-European core-plus real estate fund managed by Tristan Capital Partners was disclosed by Robert Theller, retirement administrator, in a memo to the joint board of the Employees Retirement System, and Fire and Police Retirement System included with Dec. 11 meeting materials.
The retirement systems previously committed €50 million to the Tristan Capital fund in 2022.
As of Sept. 30, the systems had an actual allocation of 9.2% to core real estate; the target is 6%.
The retirement systems have a combined $4.1 billion in assets.
