Mississippi PERS approves $75m commitment

The US public pension has backed a North America, Europe and Asia focused fund.

Institution: Public Employees’ Retirement System of Mississippi
Headquarters: Jackson, United States
AUM: $25.83bn
Allocation to alternatives: 19.76%
Bitesize: $50-100m

Public Employees’ Retirement System of Mississippi has approved a commitment of $75 million to Westbrook Real Estate Partners XI.

The $25.83 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 10.91 percent. This is Mississippi PERS’ first commitment to real estate for Q2 2019.

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