Texas-based pension hires real estate consultant

The $2.1 billion Fort Worth Employees Retirement Fund has hired Alignium for its real estate consulting services, according to Joelle Mevi, executive director and CIO of the pension fund, in an email.

The pension fund has worked with the Alignium team, which was known previously as the RVK Inc. Real Estate Consulting Group, since 2009, building out and diversifying the real estate portfolio with approximately $300 million of commitments over the past eight years. RVK remains the general investment consultant for the pension fund, according to the email.

As part of its $300 million of real estate commitments, the pension fund committed $20 million to Focus Healthcare Partners Fund I, a value-added fund that will invest in debt secured by healthcare and senior housing properties in the United States, in February. The real estate fund opened in first quarter 2016 and seeks to raise $250 million in equity commitments.

Forth Worth’s current real estate portfolio is