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Firefighters’ Pension Fund issues RFP for open-end core real estate fund
Investors - MAY 30, 2024

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Firefighters’ Pension Fund issues RFP for open-end core real estate fund

by Lewis Dayton

The Firefighters’ Pension Investment Fund (FPIF), which invests and manages the assets of Illinois firefighter pension funds, has issued a request for proposals (RFP) for an open-end core real estate fund.

As of Dec. 31, 2023, FPIF had a 4.7 percent exposure toward real estate investments, well below its 10 percent target allocation for the asset class.

FPIF’s RFP stated it will select one or more diversified open-end core real estate products and intends to commit $125 million to $525 million to open-end core real estate investments.

To read more about the RFP, click here.

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