Dallas Fort Worth Airport Board Disclose New Real Estate, International Equities Investments

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.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!