FUNDRAISING NEWS | November 08, 2024
The New York City Board of Education Retirement System (BERS) made a $20M commitment earlier this year to a non-core real estate strategy managed by Mesirow Financial.
According to materials from the board’s September 18 meeting, the pension made the commitment to Mesirow Financial Real Estate Value Fund V in April, its second investment in the fund series after committing $25M to the 2020 vintage Fund VI.
The pension said its current real estate portfolio is slightly overweight at 11.9%, inclusive of unfunded commitments, of the total portfolio against an 8% target. Overall plan assets are valued at approximately $9B, according to the latest Dakota data.
For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace! 
Dakota is a group of extraordinary people who try and do extraordinary things every day while playing at the highest level of professionalism in their domain.
