Missouri Department of Transportation and Highway Patrol Employees’ Retirement System, Jefferson City, committed $20 million to Northern Shipping Fund II, an infrastructure fund managed by Northern Shipping Funds, said Larry Krummen, chief investment officer.
The $1.8 billion pension fund also committed $10 million to Och-Ziff Real Estate III, an opportunistic real estate fund managed by Och-Ziff Capital Management Group that invests in properties, loans, operating companies, structured debt and public securities.
The pension fund also committed $6 million to Shore Capital Partners I, a small-market buyout fund focused on the health-care industry.
Both the Northern Shipping and Shore Capital commitments are the first time MPERS has committed money to those managers, Mr. Krummen said. The pension fund has committed money to Och-Ziff funds in the past.
Investment consultant NEPC assisted.