Colorado pension commits $12m to Principal Real Estate fund
The $232 million Adams County (Colo.) Retirement Plan has committed $12 million to Principal Real Estate Debt Fund II, managed by Principal Real Estate Investors.
The debt fund, which opened on Sept. 1, 2016, capitalizes in the private and public equity markets, mainly in the United States.
The Adams County pension fund has a real estate allocation target of 20 percent and an actual allocation of 22.5 percent, as of July 31, 2016.
The pension fund previously committed $10 million to predecessor fund Principal Real Estate Debt Fund in 2013.