Macomb County Employees' Retirement System, Mount Clemens, Mich., committed $8 million to TerraCap Partners VI.
The $1.3 billion pension fund's board approved the commitment to the value-added real estate fund managed by TerraCap Management at its Oct. 19 meeting, recently released meeting minutes show.
The pension fund has committed to previous TerraCap funds, including $18 million in 2020. The pension fund had not disclosed the name of that fund.
Investment consultant AndCo Consulting assisted.
Stephanie Dobson, retirement administrator, could not be immediately reached for further information.