Jacksonville (Fla.) Police & Fire Pension Fund committed $8 million to Hammes Partners IV.
The $2.7 billion pension fund's board approved the commitment to the non-core health-care real estate fund at its Nov. 16 meeting, according to a summary posted on the pension fund's website.
It is the pension fund's second non-core real estate commitment since creating a new target of 5% to the asset class in November 2020 following an asset-allocation study conducted by investment consultant RVK.
In October, the board's first non-core commitment was $25 million to H.I.G. Realty Partners IV, managed by H.I.G. Capital.
RVK assisted with the new commitment.
Timothy H. Johnson, executive director, could not be immediately reached for further information.