Macomb County Employees' Retirement System, Mount Clemens, Mich., committed $18 million to a non-core real estate fund managed by TerraCap Management.
The $970 million pension fund's board approved the commitment at its Aug. 20 meeting, recently released meeting minutes show. The minutes did not provide the name of the real estate fund.
Investment consultant AndCo Consulting assisted.
Stephanie Dobson, retirement administrator, could not be immediately reached for further information.