The Fire and Police Employees’ Retirement System of the City of Baltimore has selected Manulife Asset Management as a co-investment private equity manager.
Manulife will manage a $100 million investment for the $3 billion pension, according to meeting minutes from the July 19 board meeting.
NEPC assisted with the selection.
As of July 31, 2022, Baltimore City Fire & Police has an actual and target allocation to private equity of 12.1% and 11% respectively.
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