Wayne County Employees' Retirement System, Detroit, made two new value-added real estate fund commitments totaling $17.5 million.
The $1.1 billion pension fund's board at its Sept. 24 meeting approved commitments of $10 million to Artemis Real Estate Partners Fund IV and $7.5 million to TerraCap Partners V, managed by TerraCap Management, recently released meeting minutes show.
Investment consultant AndCo Consulting assisted.
Robert Grden, the pension fund's executive director, could not be immediately reached for further information.
