MFPRSI approves $140 million in commitments

Institution: Municipal Fire & Police Retirement System of Iowa
Headquarters: West Des Moines, United States
AUM: $2.53bn
Allocation to alternatives: 31.60%
Bitesize: $10-50m

Municipal Fire & Police Retirement System of Iowa (MFPRSI) has agreed to commit $115 million to Siguler Guff Small Buyout Opportunities Fund IV and $25 million to Top Tier Venture Velocity Fund III, according to a report on the pension’s website.

The $2.53 billion US public pension has a 15.0 percent target allocation to private equity that currently stands at 20.40 percent.

As illustrated in the charts below, these are MFPRSI’s first private equity commitments since the pension committed $50 million to Top Tier Venture Velocity Fund II in March 2017.

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