Louisiana Municipal Employees' Retirement System, Baton Rouge, committed $12 million to AEW Partners Fund VII, a closed-end value-added opportunistic real estate fund managed by AEW Capital Management, according to recently released board meeting minutes.
The $835 million pension fund also approved allocating 4% of assets, or about $33 million, to international developed markets equities at its March 27 meeting. Artisan Partners, Causeway Capital Management, First Eagle Investment Management and WCM Investment Management were named finalists.
Robert Rust, director, did not return a phone call by press time.
