Mississippi Public Employees allocates $795 million to private equity, real estate
Mississippi Public Employees allocates $795 million to private equity, real estate
Pathway Capital Management 2021 series private equity fund, a spokeswoman for the $33.7 billion pension fund said in an email.
The commitment was approved at a board meeting Thursday.
The $720 million investment is to be made in three annual installments of $240 million, which are expected to begin in fiscal year 2022 at the discretion of Pathway, the spokeswoman said.
The commitment follows investments with Pathway in three prior series, the most recent being the 2016 series, which is approaching full deployment, according to meeting materials.
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