Wayne County Employees’ Retirement System, Detroit, made a total of $90 million in new commitments, according to recently released board meeting minutes.
The $761 million pension fund committed $20 million each to middle-market private debt funds Crescent Levered Direct Lending Fund, by Crescent Capital Group, and Providence Debt Fund III, managed by Providence Equity Partners.
Also, the pension fund committed $25 million to Morgan Stanley Prime Property Fund, an open-end, core real estate fund.
The pension fund also committed to two closed-end value-added opportunistic real estate funds: $15 million to Landmark Real Estate Fund VII, managed by Landmark Partners, and $10 million to AEW Partners Fund VII, managed by AEW Capital Management.
No further information was available. Robert Grden, executive director, did not return a phone call by press time.
