Institution: City of Manchester Employees’ Contributory Retirement System
Headquarters: Manchester, United States
Total AUM: $228.71m
Allocation to Alternatives: 19.18%
MECRS has agreed to commit $6 million to two private real estate funds, according to a representative within the organization.
The commitments comprise of $2 million to Dalfen Last Mile Fund IV and $4 million to TA Associates Fund XII.
The $228.71 million public pension currently allocates 19.18% of its funds to alternatives.
As illustrated in the charts below, MECRS has a 10% target allocation to private real estate that currently stands at 8.99%. The pension’s most recent fund commitment in private real estate was $4 million to Kayne Anderson Real Estate Partners V.
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