Jacksonville (Fla.) City Retirement System committed $15 million to H.I.G. Realty Partners V.
The $2.5 billion pension fund’s board approved the commitment to the noncore real estate fund managed by H.I.G. Capital at its Nov. 21 meeting, recently released meeting minutes showed.
The pension fund previously committed $25 million to H.I.G. Realty Partners IV in 2021.
As of July 31, the actual allocation to real estate was 15.4%; the target is 15%.
Investment consultant RVK assisted.
