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LAGERS approves $75m commitment

The US public pension has backed an opportunistic real estate fund.

Institution: Missouri Local Government Employees’ Retirement System
Headquarters: Jefferson City, US
AUM: $8.1 billion
Allocation to alternatives: 51.6%

Missouri Local Government Employees’ Retirement System backed an opportunistic Asia-Pacific fund managed by BentallGreenOak at its October 2020 investment committee meeting, a contact at the pension informed PERE.

The pension committed $75 million to GreenOak Asia III, which invests in a variety of sectors across Asia-Pacific.

As illustrated below, Missouri LAGERS has a strong appetite for real estate funds which target opportunistic returns across North America and Europe.

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