Fort Lauderdale (Fla.) Police & Firefighters’ Retirement System approved two new commitments totaling $10 million.
The $1.2 billion pension fund’s board at its Feb. 12 meeting approved commitments of $5 million each to Affiliated Housing Impact Fund II, a real estate fund managed by Affiliated Development that invests in multifamily affordable housing in South Florida, and private equity fund of funds Taurus Private Markets Fund III, recently released meeting minutes showed.
As of June 30, the pension fund’s actual allocations to real estate and special investments were each 12.3%; their respective targets are 13.5% and 16.75%.
Investment consultant CAPTRUST Financial Advisors assisted.
