Texas-based pension commits $20m to debt fund
The $2.02 billion Fort Worth Employees Retirement Fund has committed $20 million to Focus Healthcare Partners Fund I, according to Joelle Mevi, executive director and CIO with the pension plan. This is the pension fund’s first investment with Focus Healthcare Partners.
Focus Healthcare Partners Fund I is a value-added fund that will invest in debt secured by healthcare and senior housing properties in the United States. The real estate fund opened in first quarter 2016 and seeks to raise $250 million in equity commitments.
The fund also has received a $50 million commitment from the $25.15 billion Ohio Bureau of Workers Compensation Board and a $100 million commitment from the $85.4 billion