PERS of MS approves a $600m follow-on commitment

The US public pension has backed GCM's customized fund-of-funds portfolio.

A follow-on commitment of $600 million was made to Grosvenor Capital Management’s private equity fund-of-funds portfolio by the Public Employees’ Retirement System of Mississippi. Previously two other commitments were made to this customized fund-of-funds in 2008 and in 2013.

The $28.2 billion US public pension has a 7.05 percent current allocation to private equity.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.