St. Louis Public School Retirement System's investment committee recommended committing $8 million to Basis Investment Group Fund I, a real estate fund, said recently released investment committee minutes.
The $866 million pension fund's board will vote on the recommendation at its Dec. 18 meeting. As of Sept. 30, the pension fund's real estate allocation was 6.3%; the target is 7%.
Investment consultant NEPC is assisting. Andrew Clark, executive director, did not return a phone call seeking further information.