Delaware Public Employees allocates $40m for Marcus Partners Fund IV

Delaware Public Employees Retirement System has approved a $40 million commitment to Marcus Partners Fund IV, according to board meeting minutes from January.

Marcus Capital Partners Fund IV is a value-added fund managed by Marcus Partners. The fund has raised more than $337 million against an unknown target, according to a March 1 filing with the SEC. The filing notes that 47 investors have participated in the capital raise so far.

The fourth fund in the series is looking to invest in a portfolio of office, medical office, biomedical and light-industrial properties, primarily located in major suburban East Coast markets.

The fund’s predecessor, Marcus Capi