Baltimore City Fire & Police Selects Private Equity Co-Investment Manager

The Fire and Police Employees’ Retirement System of the City of Baltimore has selected Manulife Asset Management as a co-investment private equity manager. 

Manulife will manage a $100 million investment for the $3 billion pension, according to meeting minutes from the July 19 board meeting. 

NEPC assisted with the selection.

As of July 31, 2022, Baltimore City Fire & Police has an actual and target allocation to private equity of 12.1% and 11% respectively.

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.