Memphis Light, Gas & Water Division, Memphis, Tenn., approved two new commitments totaling $70 million.
The $1.7 billion pension fund's board approved commitments of $40 million to GoldenTree Distressed Fund IV, a distressed debt fund managed by Golden Tree Asset Management, and $30 million to Brookfield Super-Core Infrastructure Partners, an open-end infrastructure fund managed by Brookfield Asset Management, at its April 20 meeting, recently released meeting minutes show.
The pension fund previously committed $38 million to GoldenTree Distressed Fund III in 2018 and $20 million to Brookfield Infrastructure Fund II in 2013.
Investment consultant CBIZ Investment Advisory Services assisted.
MLGW spokeswoman Angelika Woods could not be immediately reached for further information.
