Missouri Local Government Employees Retirement System, Jefferson City, disclosed commitments totaling $360 million, said Brian K. Collett, chief investment officer, in an email.
The $8.1 billion pension fund committed $75 million each to credit fund Portfolio Advisors Direct Credit Opportunity Fund III, real estate fund Fireside Real Estate Partners IV and Related Real Estate Fund III, managed by Related Fund Management.
LAGERS has made previous commitments to all three managers. The fund has committed to all three previous Fireside funds. Most recently, $100 million was given to Portfolio Advisors Direct Credit Opportunity Fund II and $75 million to Related Real Estate Fund II.
The pension fund also committed €50 million ($54.5 million) to Europa Fund VI, an international opportunistic real estate fund managed by Europa Capital. LAGERS previously committed €75 million to Europa Fund V.
Finally, LAGERS committed $40 million each to buyout funds L Catterton IX and L Catterton Latin America III. The pension fund has made numerous commitments to prior L Catterton funds, most recently committing $25 million to L Catterton Latin America II in 2017.
As of June 30, the actual allocations to private real assets and private equity were 24.5% and 12.3%, respectively.