Fairfax County Educational Employees’ Supplementary Retirement System, Falls Church, Va., committed $9 million to Silver Creek Manufactured Housing Communities.
The $3.3 billion pension fund’s discretionary private markets consultant, Meketa Investment Group, disclosed the commitment to the value-added real estate fund managed by Silver Creek Capital Management in materials for its upcoming March 21 board meeting.
It is the pension fund’s first commitment to a fund managed by Silver Creek.
As of Feb. 28, the pension fund’s actual allocation to real estate was 8.7%; the target is 7%.
