Aurora (Colo.) General Employees' Retirement Plan committed $13 million to Molpus Woodlands Fund IV, a timberland fund managed by Molpus Woodlands Group, according to recently released minutes of the Dec. 5 board meeting.
The $377 million pension fund invested in the predecessor Molpus fund. It has a 5% allocation to timber.
Separately, the board named Harvest Fund Advisors, Kayne Anderson Capital Advisors and Salient Partners as finalists for a master limited partnership shortlist search. A new 5% allocation to MLPs was approved in September following an asset/liability study.
Thomas Connell, pension plan administrator, did not return a telephone call by press time for additional information.