St. Louis Public School Retirement System made three new commitments to private equity funds of funds totaling $34 million.
The $943 million pension fund's board approved commitments of $12 million each to GCM Grosvenor Advance Fund and Mesirow Financial Private Equity Partnership Fund VIII, and $10 million to Asia Alternatives Capital Partners Fund VI at its June 16 meeting, said Susan Kane, executive director.
As of June 30, the actual allocation to private markets was 7.2%; the target is 10%.
Investment consultant NEPC assisted.
