Colorado Public Employees' Retirement Association

About Colorado Public Employees' Retirement Association

Colorado Public Employees' Retirement Association is a public pension fund with a portfolio worth $67.93 billion at December 31, 2023. It invests in oil and gas, other alternative asset classes, hedge funds, cash, natural resources, direct lending, agriculture, real assets, infrastructure, private equity, real estate, credit special situations, fixed income and equities. Its 10-year return was 7.8% against a 6.9% benchmark, the 5-year 10.0% against 8.9%, the 3-year 4.5% against 3.9% and the 1-year 13.4% against 14.4%. At December 31, 2023, the private equity portfolio was worth $5.35 billion, or 7.1% of the total portfolio, up from $5.15 billion at December 31, 2022. Private equity returns were 12.0% over 10 years (benchmark 12.4%), 13.2% over 5 years (benchmark 13.3%), 10.9% over 3 years (benchmark 7.2%) and 4.7% over 1 year (benchmark 23.4%). The allocation is currently underweight relative to the 8.5% target but within the target range of 4% to 13%. Private equity investments include buyouts, direct lending, co-investment, growth-expansion, diversified private equity, fund of funds, distressed debt, mezzanine, secondaries and venture capital strategies, spread across the world. Unfunded commitments came to $5.21 billion at December 31, 2023. The executive management team governs the plan's investments, with Ms. Amy McGarrity as Chief Investment Officer & Chief Operating Officer. Aon Hewitt Investment Consulting is the LP Consultant.

Real estate mandate

Contacts at Colorado Public Employees' Retirement Association