The Retirement Board of Allegheny County has committed $10 million to real estate fund, Artemis Real Estate Partners Fund IV.
This commitment to the value add fund managed by Artemis Real Estate Partners was approved at the board meeting on September 15th, according to meeting minutes.
Investment consultant, AndCo, assisted with due diligence.
As of March 31st, 2022 the $1.05 billion Retirement Board allocates 12.9% to real estate with the target allocation sitting at 12.5%.
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