Dallas Police & Fire to Increase Private Equity, Credit Allocations

The Dallas Police & Fire Pension System recommends new target allocation adjustments, per materials from the September 12th Board meeting. 

Pension staff and consultant Meketa are recommending increasing the private equity allocation to 6% (from 5%), and the private credit allocation to 4% (from zero). Staff and Meketa also recommend decreasing the allocation for public equity to 58% (from 60%), for public credit to 11% (from 12%), and for natural resources to 3% (from 5%). 

Under the recommendations, the policy targets for the fixed income and cash, as well as real estate, would remain unchanged at 13% and 5%, respectively. The recommendations would increase the pension’s overall private markets target allocation to 18% from 15%.  

During the meeting, the board also discussed plans to initiate new private market investments in 2025. According to Dakota data, the pension manages $2.1B in assets. 

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