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FUNDRAISING NEWS | November 01, 2024
The Dallas Police & Fire Pension System approved updates to its strategic asset allocation targets at its October 10 board meeting, including increases to its planned private equity and private credit allocations.
Dakota reported in September on the allocation target changes recommended by pension staff and consultant Meketa, which the board has now approved. The changes include increasing the private equity allocation to 6% (from 5%) and the private credit allocation to 4% (from zero).
The board also approved the recommendation to decrease its allocation for public equity to 58% (from 60%), for public credit to 11% (from 12%), and for natural resources to 3% (from 5%). Policy targets for the fixed income and cash, as well as real estate, remain unchanged at 13% and 5%, respectively.
The target allocation changes increase the pension’s overall private markets target allocation to 18% from 15%. Per Dakota data, the pension system oversees approximately $2.1B in assets.
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Written By: Dakota
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