Searches and Hires

Missouri Local Government plan commits $175 million, reports 12% fiscal-year return

Missouri Local Government Employees Retirement System, Jefferson City, made two new commitments totaling $175 million, the pension fund announced in a news release.

The $7 billion pension fund committed $100 million to EIG Energy Fund XVII, an infrastructure fund managed by EIG Global Energy Partners. The pension fund has made commitments to the three prior energy funds, most recently committing $50 million to EIG Energy Fund XVI.

Also, the pension fund committed $75 million to buyout fund Tailwind Capital Partners III. The pension fund previously committed $30 million each to Tailwind Capital Partners and Tailwind Capital Partners II.

Separately, the pension fund announced a 12.04% net return for the fiscal year ended June 30, above its 8.51% benchmark. The pension fund returned an annualized net 9.27%, 6.16% and 7.62% for the five, 10 and 20 years ended June 30, topping the respective benchmarks of 7.15%, 4.46% and 5.88%. Net returns by asset class were not immediately available. For the fiscal year ended June 30, 2016, the pension fund returned a net -0.2%.

As of June 30, the actual allocation of the pension fund was 36.9% public equities, 15.1% private real assets, 12.1% public fixed income, 11.3% private fixed income, 8.9% private equity, 7.3% public strategic assets, 5.8% public real assets and 2.6% private strategic assets.

Brian Collett, chief investment officer, could not be immediately reached to provide further information.