Missouri pension fund makes several real estate investments

Missouri Local Government Employees Retirement System (MOLAGERS) has announced several commitments to real estate funds in the quarter ending June 30.

MOLAGERS committed $83.2 million to Europa Fund VI, managed by Europa Capital. In September, Europa announced a €493 million ($545 million) first close for its sixth real estate investment vehicle, which has a final close target of €850 million ($940 million).

Launched in May, Fund VI is looking to invest primarily in the office and residential sectors in France, Germany and the United Kingdom.

MOLAGERS previously committed $38 million to Europa IV and $54 million to Europa V.

The pension fund also made a follow-on commitment of $75 million to the Fireside Real Estate Partner IV fund. The fund requires a minimum commitment of $5 million and has raised $300 million to date, according to an