The $307 million Spokane (Wash.) Employees’ Retirement System has made a $7 million follow-on commitment to Morrison Street Fund VI, managed by Morrison Street Capital, according to a recently released board meeting document.
The pension fund could not be reached to comment on its investment activity.
Spokane previously committed $5 million to Morrison Street’s debt opportunities fund in 2017 and $7 million to Morrison’s fifth fund in 2014.
As of Oct. 31, the pension fund had an 8.7 percent actual allocation to real estate, with a 9 percent target.
