Fairfax County Educational Employees' Supplementary Retirement System, Falls Church, Va., disclosed two new commitments totaling $14 million.
The $3.3 billion pension fund's private markets consultant, Meketa Investment Group, disclosed the commitments in a presentation included with materials for its Dec. 13 board meeting.
The pension fund committed $9 million to FPA Apartment Opportunity Fund IX, a value-added real estate fund managed by FPA Multifamily, and $5 million to Berkshire Multifamily Credit Fund IV, a real estate debt fund managed by the Berkshire Group, according to the presentation.
As of Nov. 30, the pension fund's actual allocation to real estate was 8.6%; its long-term target is 7%.
