Institution: Jacksonville Police and Fire Pension Fund
Headquarters: Jacksonville, United States
AUM: $2.07 billion
Allocation to alternatives: 11.31%
Jacksonville Police and Fire Pension Fund has approved a recommendation to introduce private credit to its investment portfolio, according to the pension’s November 2020 board of trustees meeting minutes.
The $2.07 billion US public pension would have an initial target allocation of 8 percent to private credit. This allocation is expected to offer further diversification to the fund.
As illustrated below, the pension currently allocates 11.31 percent of its full investment portfolio to alternatives. Timothy Johnson serves as the pension’s executive director.
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