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BCFPERS backs Nexus Capital Management fund

The institution has backed a North American multi-sector-focused fund.

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Institution: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, United States
AUM: $2.85 billion
Allocation to alternatives: 25.7%

Baltimore City Fire and Police Employees’ Retirement System committed $15 million to Nexus Special Situations III, according to a September 2020 board meeting document.

Nexus Special Situations III invests in the consumer goods and retail sectors in North America. The fund is targeting $1 billion.

Private equity makes up 9.5 percent of the institution’s total portfolio. As illustrated below, BCFPERS recently committed between $10 million and $25 million to private equity funds.

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