Jacksonville Retirement Commits $15M to HIG RE Fund V

Tags: Pension Funds, Real Estate, New Investment

The City of Jacksonville Retirement System on November 21 approved a motion to allocate $15M to the fifth vintage of HIG’s real estate fund series.

The allocation is a follow-on to its $25M investment in predecessor fund HIG Realty Partners IV in 2021, which was the pension’s first investment in a non-core real estate after establishing a target weight for the sub-asset class.

To date, the Florida-based pension said the current market value of its assets is approximately $2.47B after $369M in investment gains FYTD.

Written By: Dakota

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Jacksonville Retirement Commits $15M to HIG RE Fund V

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