Manchester Contributory ERS Allocates $8M to RE, Infrastructure Funds

The City of Manchester Employees’ Contributory Retirement System made investments totalling $8M to two funds in real estate and private infrastructure.

Per the pension’s November 12 meeting minutes, it approved an allocation of $5M to Heitman Real Estate Debt Partners III and $3M to HarbourVest Infrastructure Opportunities Fund III, following presentations by the two managers to the investment committee in a non-public session on November 4. The committee-recommended motion was carried unanimously during the November 12 board meeting, pending review of investment documents.

NEPC assisted in the review of five managers during the discussions for the pension’s private markets pacing plan, which is yet to be disclosed.