The $8.1 billion Missouri Local Government Employees Retirement System (LAGERS) has committed $75 million to Machine Real Estate Fund I, managed by Machine Investment Group Real Estate.
Machine Real Estate Fund I opened to investors in July and is targeting $250 million in capital commitments, according to an SEC filing. An investment strategy could not be immediately gleaned; however, Machine Investment Group invests primarily in the middle market, according to the firm’s website.
Machine Investment Group is led by former Garrison Investment Group real estate professionals Andy Kwon and Eric Rosenthal.
LAGERS previously committed $152 million across Garrison’s real estate funds.
