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Dallas Police and Fire Pension approves two new commitments
The Dallas Police and Fire Pension Fund (DPFP) has approved commitments to two funds, according to a summary of an Aug. 8 board meeting.
The pension fund has approved a £20 million ($30 million) commitment to the M&G Real Estate Debt Fund II and a $40 million commitment to the J.P. Morgan Asian Infrastructure and Related Resources Opportunity Fund II.
London-based M&G Investments launched the M&G Real Estate Debt Fund II in September 2012. The fund will invest in mezzanine debt in Europe.
New York City–based J.P. Morgan Asset Management launched Asian Infrastructure and Related Resources Opportunity Fund II in April 2013 with a fundraising target of between $1 billion and $1.5 billion. The fund will invest in