Ann Arbor Employees approves $8m commitment

The US public pension has backed a North America-focused fund.

City of Ann Arbor Employees' Retirement System has approved an $8 million commitment to Carlyle Realty Partners VIII.

The $473 million US public pension has a 3 percent target allocation to private equity that currently stands at 1.6 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.