Missouri Local Government approves $155m in commitments

The US public pension has backed three PE funds.

Institution: Missouri Local Government Employees’ Retirement System
Headquarters: Jefferson City, United States
AUM: $8.14bn
Allocation to alternatives: 30.20%
Bitesize: $50-100m

Missouri Local Government Employees’ Retirement System has agreed to $155 million in private equity commitments, according to the pension’s recent board meeting minutes.

The commitments comprise of $75 million to PA Direct Credit Opportunities Fund III and $40 million each to L Catterton IX and L Catterton Latin America III.

The $8.14 billion US public pension has a 10.10 percent weighted allocation to private equity.

As illustrated below, Missouri Local Government has made five commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $292.7 million.

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