San Antonio Fire & Police commits $25m to real estate
The $2.7 billion San Antonio Fire & Police Pension Fund has committed $25 million to two real estate funds, according to recently released meeting minutes.
The pension fund has committed $15 million to Exeter Industrial Value Fund IV, managed by Exeter Property Group. The value-added fund series targets industrial assets in primary U.S. warehouse markets. Fund III, the fund’s predecessor held a final close of $830.9 million in 2014.
The pension fund also committed $10 million to Paladin Realty Latin America Investors V, managed by Paladin Realty Partners. The fund, which launched in late 2015, is seeking to raise $300 million, according to a filing with the SEC. The fund series buys and develops prop