Baltimore City Fire & Police Employees' Retirement System committed up to $15 million to Grain Communications Opportunity Fund III.
The $3.1 billion pension fund's board approved the commitment to the communications infrastructure fund managed by Grain Management at its Jan. 19 meeting, spokeswoman Amy Baskerville said in an email.
The pension fund previously committed $8 million to Grain Communications Opportunity Fund II in 2018.
As of Jan. 31, the actual allocation to real assets was 13.7%.
Investment consultant NEPC assisted.