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FUNDRAISING NEWS | January 07, 2025
Tags: Pension Funds, Real Estate, New Investment
The Macomb County Employees Retirement System has approved a $10M allocation to MAVIK Real Estate Special Opportunities Fund VS2, per recently published minutes from the pension’s December 4, 2024, board meeting.
The Michigan pension’s board voted unanimously in favor of the allocation recommended by AndCo, following a discussion with the consultant on fund performance and trailing market rates. Per Dakota data, the investment is also a follow-on to Macomb’s commitment of the same size to a previous iteration of the MAVIK fund in 2022.
As of the latest Dakota data, the Macomb County pension oversees approximately $1.2B in total plan assets.
Written By: Dakota
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