The Fire and Police Employees’ Retirement System of the City of Baltimore has allocated $20 million to IPI Partners Fund III. Meeting minutes from the June 21 Board meeting confirm the commitment
IPI Partners is a joint Venture between ICONIQ Capital and Iron Point Partners, which focuses on investing in data center and other technology and connectivity-related assets globally.
As of June 30, 2022, the Retirement System allocates 9.3% to real estate. The investment policy targets an 11% allocation to real estate.
Also at the meeting, the Board approved terminating Brown Advisory due to a shift from active to passive management in large cap growth equities. Brown managed approximately $133 million for the Fund as of March 31, 2022.
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