The City of Jacksonville Retirement System has reviewed real estate and private equity commitment pacing targets.
According to meeting materials from the January 26 board meeting, RVK recommends $20 million be committed across one to two real estate funds in 2023.
For private equity, RVK recommends $20 million in new commitments for the year.
The plan is expected to reach real estate target allocation of 5% by 2025 and private equity target allocation of 7% by 2026
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