Monroe County approves $10m in commitments

The $213bn Michigan public pension backs two North America-focused funds.

Monroe County Employees’ Retirement System (MCERS) committed $5 million each to Alidade Capital Fund IV and TerraCap Partners IV at the pension fund’s March board meeting, according to recently disclosed board documents.

The $213bn Michigan public pension has a 9 percent allocation to private real estate. Platinum subscribers may click here for MCERS’ full profile, including key contacts, allocation strategy and fund investments.