Missouri Local Government Employees Retirement System, Jefferson City, committed $65 million to growth equity fund L Catterton Growth Partners V, said spokeswoman Elizabeth Althoff in an email.
The $10.5 billion pension fund's investment staff disclosed the commitment at its meeting March 25, Ms. Althoff said.
MoLAGERS has previously made commitments to the four previous L Catterton Growth funds: $75 million to L Catterton Growth Partners IV, $50 million to L Catterton Growth Partners III, $30 million to L Catterton Growth Partners II and $27 million to L Catterton Growth Partners I.
As of Dec. 31, the pension fund's actual allocation to private equity was 15.4%.
