Missouri Local Government Employees Retirement System, Jefferson City, made two new commitments totaling $150 million, said Brian Collett, chief investment officer, in an email.
The $7.5 billion pension fund committed $75 million to Garrison Real Estate Fund IV, a secondary real estate fund managed by Garrison Investment Group. The pension fund previously committed $30 million to Garrison Real Estate Fund III and $45 million to Garrison Real Estate Fund II.
The pension fund also committed $75 million to Sole Shipping Special Opportunities Fund II, an infrastructure fund. It is the pension fund's first commitment to Sole Shipping.
As of Dec. 31, MOLAGERS' actual allocation to real assets/real return was 23%. The target is 21%.