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WCERS approves $10m commitment

The US public pension has backed a North American focused value-add fund.

Institution: Wayne County Employees’ Retirement System
Headquarters: Detroit, United States
AUM: $997.87 million
Allocation to Alternatives: 5.28%
Bitesize: $5-10m

Wayne County Employees’ Retirement System has confirmed a $10 million commitment to AEW Partners Real Estate Fund IX, according to the institution’s March 2020 pension trustees meeting.
The $997.87 million public pension allocates 5.28 percent of its investment portfolio to alternative investments. As illustrated below, the pension has strong appetite for North America-focused funds across a range of sectors.
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