Missouri Local Government Employees Retirement System Commits $40M to Real Estate

The Missouri Local Government Employees Retirement System has committed $40 million to opportunistic real estate fund, Redcar Fund II, managed by Redcar Properties.

The commitment was approved at the October 27 board meeting, as confirmed in an email from the Retirement System.

As of June 30, 2021, the $10.1 billion Retirement System allocates approximately 11.3% to real estate.

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