FUNDRAISING NEWS | August 22, 2024
The Fort Lauderdale Police and Firefighters’ Retirement System approved five allocations totalling $70 million, according to materials from the May 8th Board meeting.
Within the large cap sleeve, $20 million was committed to Waycross Partners, $20 million to Aristotle, and $20 million to Rhumbline.
In private credit, $5 million was allocated to Bloomfield Income Fund V. And within real estate, $5 million was committed to Agamerica Income.
These allocations follow the Boards decision to terminate and liquidate manager Lazard Global Infrastructure. CAPTRUST assisted with the recommendations.
All of these commitments represent a continuation upon existing relationships.
As of June 30, 2024, the $1.2 billion pension system allocates approximately 39.9% to U.S. equities with a target of 34.75%, and 12.3% to real estate with a target of 13.5%.
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Helen Bascom is a Marketing Associate at Dakota.
