Macomb County Employees' Retirement System, Mount Clemens, Mich., committed a total of $20 million to two private equity co-investment funds.
The $1 billion pension fund's board at its Dec. 16 meeting approved commitments of $10 million each to co-investment funds managed by Adams Street Partners and Portfolio Advisors, recently released meeting minutes show. The names of the funds were not disclosed in the minutes.
Investment consultant AndCo Consulting assisted.
Stephanie Dobson, retirement administrator, could not be immediately reached for further information.