Jacksonville Police & Fire Targeting $50M Between Real Estate, Private Credit

The City of Jacksonville Police and Fire Pension Fund has approved a five-year target commitment allocation plan for private markets, according to a meeting summary from the March 22 board meeting. 

The approved Non-Core Real Estate pacing plan includes a $20 million commitment for 2024-2026. The commitment target increases to $25 million through 2027-2028. 

In private credit, $30 million is being targeted in 2024 through 2026. The commitment target decreases to $25 million commitment for 2027 through 2028.

As of December 31, 2023, the $2.5 billion pension fund allocates 1.15% to non-core real estate and 5.6% to private credit.

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