The Jacksonville (Fla.) Police and Fire Pension Fund has committed a $15 million re-up opportunity to H.I.G Realty Partners V, a vehicle of H.I.G. Realty Partners. This commitment was made on Oct. 25, according to meeting materials.
H.I.G. Realty Partners V is a closed-end, opportunistic fund focused on unconstrained properties in North America. A maximum size has not been disclosed. This fund follows H.I.G. Realty Partners IV, which closed with $838 million in 2022, $88 million over its fundraising target.
Jacksonville Police and Fire Pension Fund is public pension fund covering full-time police officers and firefighters of Jacksonville. Out of its $2.7 billion in total assets, 15 percent is allocated to real estate assets. As of June 30, it has $300.8 million in real estate assets.
