Institution: Memphis Light, Gas and Water Retirement and Pension System
Headquarters: Memphis, United States
Allocation to alternatives: 26.64%
Memphis Light, Gas and Water (MLGW) Retirement and Pension System has approved a commitment of $24 million to Schroder Adveq Asia V, according to the pension’s latest meeting minutes.
The $1.37 billion US public pension has a 4.73 percent allocation to private equity.
As illustrated below, the pension has made four commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $49 million.
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