Fresno City Targeting $55M to Real Estate in 2024

The City of Fresno Retirement System is planning to commit $55 million to value-add real estate in 2024. 

Staff reviewed a presentation from NEPC at the recent February board meeting which covered a review of the real estate program. 

Managers that make up the non-core portfolio currently include Oaktree, PIMCO, PCCP, Artemis, Blue Vista, Brookfield, Kayne Anderson, and Alidade.

Geographically, the program’s long-term goal is to be diversified with 60% in North America, 25% Europe, and 15% to Asia.

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