Missouri Local Government Employees’ Retirement System approves $175m in commitments

The US public pension has backed two multi-regional infrastructure funds.

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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 commitments of $100 million to Global Infrastructure Partners IV and $75 million to Glennmont Clean Energy Fund Europe III, a contact at the pension fund informed Infrastructure Investor. GIP IV is focused on global investments into energy, transport and utilities, whereas Glennmont Partners’ fund is targeting European energy and renewables.

As illustrated below, the $7.41 billion US public pension has a 10.0 percent allocation to infrastructure.

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