The Missouri State Employees' Retirement System (MOSERS), based in Jefferson City and established September 1, 1957, administers retirement, life insurance, and long-term disability benefits to most state employees, including members of the Missouri General Assembly, elected state officials, judges, and administrative law judges and legal advisors. The fund has approximately $6.8 billion under management and targets a 25% allocation to alternatives, 30% to public debt, and 45% to public equities. Within that 25%, 15% is dedicated to real assets including timber, real estate and commodities, while the other 10% is dedicated to private investment vehicles including hedge funds, fund of hedge funds, and private equity funds. MOSERS is currently invested with two fund of hedge funds and is not looking to increase its exposure in that space. The group does not invest in funds of private equity funds. In the private equity space Mosers works Summit Strategies.