Missouri-based pension plan invests in European real estate
The $6.2 billion Missouri Local Government Employees Retirement System has committed €50 million ($56.2 million) to Europa Fund V.
Europa Fund V is a pan-European value-added fund managed by Europa Capital. It was launched in September 2015, and it held a first close in April, raising €360 million ($409 million).
The fund’s predecessor, Europa Fund IV, held a final close of €604 million ($677.6 million) in equity commitments in July 2014.