Missouri Local Government Employees Retirement System, Jefferson City, committed a total of $300 million to four alternatives funds, said Brian Collett, chief investment officer, in an email.
The $7.4 billion pension plan committed $100 million to Global Infrastructure Partners IV. It also committed $75 million apiece to Glennmont Clean Energy Fund Europe III, a natural resources fund managed by Glennmont Partners; and Prudential Senior Housing Partnership Fund VI.
Finally, the board committed $50 million to HealthCare Royalty Partners IV, managed by HealthCare Royalty Partners.
Separately, the pension system announced that it returned 2.01% for the year ended Dec. 31, above its benchmark of 0.94%. Its three-, five- and 10-year returns were 8.5%, 6.42% and 10.07%, respectively, vs. 6.69%, 5% and 8.18% for its respective benchmark returns.