Institution: Memphis Light, Gas and Water Retirement and Pension System
Headquarters: Memphis, United States
AUM: $1.33 billion
Allocation to alternatives: 26.64%
Memphis Light, Gas and Water Retirement and Pension System has confirmed a $4 million commitment to SSM Growth Equity III Co-Invest Fund, according to the pension’s April 2020 pension board meeting minutes.
The co-investment vehicle will invest alongside SSM Partners’ third series TMT-focused growth fund.
The $1.33 billion US public pension has a 4.73 current allocation to private equity funds.
As illustrated below, MLGW previously committed $25 million to SSM Partners’ Growth Equity Fund II in August 2019.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.