Updated with correction
Missouri Local Government Employees Retirement System, Jefferson City, invested or committed up to $150 million to two managers, said Brian Collett, chief investment officer of the $6 billion pension fund, in an e-mail.
The pension fund committed up to $50 million to Catterton Growth Partners III, which invests in North American growth companies. MOLAGERS has made prior fund commitments to Catterton.
Separately, Mr. Collett said the pension fund hired BlackRock to manage a $100 million portable alpha portfolio.
The pension fund had hired Bridgewater Associates to run a $100 million portable alpha portfolio earlier this year, and had yet to announce a second permanent manager following the board's decision to move a portion of domestic large-cap equities to portable alpha.
Funding comes from transition manager Northern Trust, which held assets from the earlier terminations of Brown Advisory, which ran a domestic large-cap growth equity portfolio, and Brandywine Global Investment Management and Systematic Financial Management, which ran domestic large-cap value 130/30 equity portfolios.
