FUNDRAISING NEWS | September 13, 2022
The Dallas Fort Worth International Airport Retirement Board has disclosed two new investments, according to meeting materials from the September 1 board meeting.
$7.5 million will be committed to value-add real estate fund, Angelo Gordon Value Fund XI. Fund XI is targeting $3.25 billion for the fund and will invest in undervalued real estate across the US and Europe.
In the international equities’ portfolio, $32 million will be invested with Causeway Capital Management in their International Value Equity strategy.
As of June 30, 2022, the $830 million Airport Retirement Board has an actual and target allocation to real estate of 11% and 10% respectively. The actual and target allocation to international equities was 15.8% and 17.5% respectively.
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Koncheng Moua is the Director of Data Management and Strategy at Dakota.
