Missouri Local Government Employees Retirement System, Jefferson City, made three new commitments totaling $259 million, said Brian Collett, chief investment officer, in an email.
The $7.6 billion pension fund committed $105 million to Blue Vista Real Estate Partners V, a value-added real estate fund managed by Blue Vista Capital Management, €80 million ($94 million) to buyout fund Steadfast Capital IV and $60 million to Portfolio Advisors Real Estate Fund VII, a fund of funds.
It is LAGERS' first commitment to a fund managed by Steadfast Capital, while the pension fund has made prior commitments to funds managed by Blue Vista and Portfolio Advisors.
As of March 31, the pension fund's allocations to private real assets and private equity were 17.7% and 9.1%, respectively.
