Missouri Local Government Employees’ Retirement System approves $50m commitment

The US public pension has backed a North American-focused private debt fund.

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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 a commitment of $50 million to Healthcare Royalty Partners IV, a contact at the pension fund informed Private Debt Investor. The fourth series debt fund focuses on royalty financing of corporates in North America.

As illustrated in the charts below, this is the pension’s first private debt commitment to a fund with a 2018 vintage.

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