Missouri Local Government Employees Retirement System, Jefferson City, hired Wellington Management to run a $100 million global equity absolute-return strategy, said Brian Collett, chief investment officer, in an e-mail.
The $6.2 billion pension fund hired Wellington to run the separate account because the pension fund believes the strategy can create alpha, Mr. Collett said. Funding comes from transition manager assets, he said.
Also, the pension fund committed $75 million to Catterton Partners VIII, a consumer-focused buyout fund. The pension fund’s previous commitment to a Catterton fund was up to $50 million to Catterton Growth Partners III in 2015.
The pension fund also committed $75 million to Portfolio Advisors Secondary Fund III, a secondary private equity fund. The pension fund’s previous commitment to a Portfolio Advisors fund was $30 million to Portfolio Advisors Real Estate Fund VI in 2015.
The pension fund also committed €50 million ($56.2 million) to Europa Fund V, an international opportunistic real estate fund managed by Europa Capital. Information on the pension fund’s previous commitments to the manager was not available by press time.