The Tacoma Employees’ Retirement System has committed $50 million to the American Rivers Fund, managed by Maritime Partners, as seen in meeting minutes from the August 11 board meeting.
Maritime Partners offers “tailored leasing services to operators across the full spectrum of credit quality”, according to their website,
The allocation helps the Retirement System move closer to the 5% real assets target that was established in the prior asset allocation review.
Investment consultant for the pension plan, Wilshire, assisted with the investment.
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