Missouri Local Government Employees Retirement System, Jefferson City, made three new allocations totaling $300 million, said a news release from Brian Collett, chief investment officer.
The $7 billion pension fund committed $100 million each to infrastructure funds ISQ Global Infrastructure Fund II, managed by I Squared Capital, and Stonepeak Infrastructure Fund III, managed by Stonepeak Infrastructure Partners.
The pension fund also made a direct hedge fund investment of $100 million with Avenue Aviation Opportunities Partners II, managed by Avenue Capital Group. The pension fund previously invested $50 million in Avenue Aviation Opportunities Parters I.
The pension fund's targets to real assets/real return and strategic investments are 21% and 10%, respectively. Their actual allocations as of June 30 were 20.98% and 9.84%, respectively.