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Sign in Start Your Free Trial Now View Purchase OptionsFlorida pension fund commits $8m to woodlands fund
The $618 million Pembroke Pines (Fla.) Firefighters & Police Officers Pension Fund has committed $8 million to a woodlands fund, according to board meeting documents.
Molpus Woodlands Fund V is managed by Molpus Woodlands Group, a timberland investment management organization. The fund will invest in timber assets throughout the United States. The fund seeks to raise $500 million in total equity commitments.
The pension fund previously made a $9 million commitment to the fund’s predecessor, Molpus Woodlands Fund IV, in 2014, which held a $662.5 million final close the same year.
