St Louis approves $8m commitment

The US public pension has backed a North America-focused fund.

Public School Retirement System of the City of St. Louis has approved an $8 million commitment to ElmTree U.S. Net Lease Fund III.

The $838 million US public pension has a 5 percent target allocation to real estate that currently stands at 6.3 percent.

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