The FPIF Board of Trustees met on May 10, 2024 and made investment decisions related to the private markets portfolio.
Private Markets Portfolio
The board selected Townsend Group to serve as Real Assets Outsourced CIO, and Rock Creek Group to serve as Private Credit Outsourced CIO. FPIF has a 14% target allocation to Real Assets and a 7% target allocation to Private Credit. Townsend Group and Rock Creek Group will be allocated a portion of the respective allocations.