Missouri Local Government Employees Retirement System, Jefferson City, disclosed a commitment of $40 million to Redcar Fund II.
The $10.1 billion pension fund's investment staff disclosed the commitment to the opportunistic real estate fund managed by Redcar Properties at its Oct. 27 meeting, spokeswoman Elizabeth Althoff said in an email.
It is the pension fund's first commitment to a Redcar fund.
As of June 30, the pension fund's actual allocation to real assets was 39%; the target is 36%.
