Missouri Local Government Employees’ Retirement System approves $50m commitment

The US public pension has backed a North American-focused private equity fund.

Institution: Missouri Local Government Employees’ Retirement System
Headquarters: Jefferson City, United States
AUM: $7.41bn
Allocation to alternatives: 34.5%
Bitesize: $50-100m

Missouri Local Government Employees’ Retirement System has approved a commitment of $50 million to Healthcare Royalty Partners IV, a contact at the pension informed Private Equity International. The fund focuses on mezzanine / debt investments in healthcare and life sciences in North America.

The $7.41 billion US public pension has an 11.1 percent allocation to private equity.

As illustrated in the charts below, the only other private equity commitment the pension has made to a fund with a vintage year of 2018 is €80 million to Steadfast Capital Fund IV.

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