San Jose Police and Fire Retirement Plan approves $7.20m commitment

The US public pension has backed a North American energy fund.

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Institution: City of San Jose Police & Fire Department Retirement Plan
Headquarters: San Jose, United States
AUM: $3.59bn
Allocation to alternatives: 22.06%
Bitesize: $5-10m

City of San Jose Police & Fire Department Retirement Plan committed $7.20 million to Kimmeridge Energy Net Profits Interest Fund V. The fund will invest in energy companies throughout North America.

The US public pension has a 3% target allocation to infrastructure that currently stands at 0.85%.

As illustrated in the charts below, PFRP allocates 22.06% to alternative assets. The pension has a strong appetite for global energy, transportation and utilities funds.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.