Missouri Local Government Employees Retirement System, Jefferson City, made four new commitments totaling $280 million, said Brian Collett, chief investment officer, in an emailed news release.
The $7.2 billion pension fund committed $100 million to Resource Capital Fund VII, a natural resources fund managed by Resource Capital Funds. This is the pension fund's first commitment to a Resource fund.
The pension fund also committed £45 million ($60 million) to Alchemy Special Opportunities Fund IV, a distressed debt fund managed by Alchemy Partners. The pension fund previously committed £20 million each to Alchemy Special Opportunities Fund II and Alchemy Special Opportunities Fund III.
Also, the pension fund committed $60 million to Eagle Fund IV, a mezzanine fund managed by Eagle Private Capital. The pension fund previously made commitments of $45 million and $10 million, respectively, to Eagle Fund III and Eagle Fund II.
The pension fund also committed a total of $60 million to real estate funds Noble Hospitality Fund IV – Income and Noble Hospitality Fund IV – Value Add, managed by Noble Investment Group. How the commitment was split between the two funds could not be learned. The pension fund previously committed $25 million to Noble Hospitality Fund III.
