City of Ann Arbor Employees' Retirement System

About City of Ann Arbor Employees' Retirement System

City of Ann Arbor Employees' Retirement System is a public pension fund. Its portfolio was valued at $633.27 million as of June 30, 2024, and includes publicly traded equities, infrastructure, real assets, natural resources, fixed-income securities, direct lending, private equity, hedge funds, real estate, and cash. Over 10 years, 7 years, 5 years, 3 years, 1 year and the quarter, returns were 7.6%, 8.6%, 9.3%, 5.3%, 10.7% and 1.2%, versus benchmark returns of 7.5%, 8.7%, 9.3%, 5.0%, 13.6% and 2.4%. On June 30, 2024, the private equity portfolio was worth $59.76 million, or 9.4% of the total portfolio, up from $57.66 million at December 31, 2023. The private equity allocation includes $18.41 million in private debt strategies. The portfolio is currently overweight against the 14% target allocation but remains within the target range of 0% to 20%. Private equity investments cover buyouts, diversified private equity, private equity growth expansion, co-investments, fund of funds, private debt, and venture capital strategies located in the United States and Canada. As of June 30, 2024, the infrastructure portfolio was valued at $41.79 million and the natural resources portfolio at $17.31 million. A board of trustees manages the fund's investments, with Mr. David Monroe as Chairman. Meketa Investment Group is the LP consultant.

Real estate mandate

Contacts at City of Ann Arbor Employees' Retirement System