West Palm Beach (Fla.) Police Pension Fund approved two new commitments totaling $22 million.
The $493 million pension fund’s board at its Jan. 17 meeting approved commitments of $12 million to private equity fund of funds Taurus Private Markets Fund III and $10 million to Affiliated Housing Impact Fund II, a real estate fund managed by Affiliated Development that invests in multifamily affordable housing in South Florida, recently released meeting minutes showed.
As of Dec. 31, the pension fund’s actual allocations to private equity and real estate were 20.1% and 10.2%, respectively.
Investment consultant Mariner Institutional assisted.
