Jacksonville Police and Fire Pension Fund hires RVK

The US public pension has also made its first commitment to a private debt fund.

Institution: Jacksonville Police and Fire Pension Fund
Headquarters: Jacksonville, United States
AUM: $2.46 billion
Allocation to alternatives: 9.83%

Jacksonville Police and Fire Pension Fund has selected RVK as its non-discretionary investment consultant for its private debt portfolio, as mentioned during the pension’s May 2021 board of trustees meeting.

The $2.46 billion US public pension has also agreed to hire Ares Management and commit $100 million to its Ares Pathfinder Fund, as recommended by its investment consultant. The pension recently approved a recommendation to add private credit to its investment portfolio, as previously reported by Private Debt Investor.

As illustrated below, the pension currently allocates 9.83 percent of its full investment portfolio to alternatives. Timothy Johnson serves as the pension’s executive director.

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