Institution: Missouri Local Government Employees’ Retirement System
Headquarters: Jefferson City, United States
Allocation to alternatives: 34.5%
Missouri Local Government Employees’ Retirement System has approved a commitment of $75 million to Prudential Senior Housing Partners VI, a contact at the pension fund informed PERE. The fund focuses on value-add investments in multifamily / residential property in North America.
The $7.41 billion US public pension has a 13.4 percent allocation to private real estate.
As illustrated in the charts below, the system has made four private real estate commitments to funds with a 2018 vintage, which combined constitute $315 million.
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