Florida 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.