MOSERS loses head of private investments

The Missouri State Employees’ Retirement System has not named a replacement for Tricia Scrivner who is leaving the pension after 15 years.

Tricia Scrivner is stepping down from her post as head of private investments, hedge funds and real assets at the Missouri State Employees’ Retirement System, a spokesperson from the system wrote in an email to Private Equity International. 

Scrivner was a member of MOSERS’ investment team for 15 years focusing on private equity, real estate and timber investments, according to her LinkedIn profile.

The spokesperson did not say where Scrivner was moving but media reports have indicated she will become head of real assets strategies at the Margaret A. Cargill Philanthropies. 

Tricia Scrivner

MOSERS has no definite plans for Scrivner’s replacement, but senior managers Pat Neylon and Scott Peppard will continue to manage the system’s investments in the interim, the spokesperson said.  

MOSERS allocates about a quarter of its $7.7 billion of assets under management to alternative investments. About 7 percent of that allocation is set aside for private equity and about 3 percent is for private debt, according to the system’s website. 

MOSERS’ alternative investments portfolio returned about 7.1 percent for the first half of the calendar year, according to pension documents. The alternatives portfolio came in just under its 7.2 percent benchmark, while the total fund returned 2.3 percent, exceeding its 1.4 percent benchmark for the same period, according to the website.