The Spokane Employees’ Retirement System has committed $6 million to Morrison Street Fund VII.
The fund managed by Morrison Street Capital will seek to “mitigate risk by focusing on both durable income as well as defensive equity structures such as preferred equity or structured equity”, according to documents provided at the November board meeting.
As of June 30, 2022, the Retirement System allocates 10.1% to real estate, with a policy target of 9%.
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