Employees Retirement System of Rhode Island had an investment portfolio valued at $10.58 billion as of June 30, 2023, with holdings in domestic and international equity, oil & gas, fixed income, private equity, real estate, hedge funds, infrastructure, and cash. Returns over 1 year, 3 years, 5 years, and 10 years were 8.91%, 10.47%, 8.30%, and 7.75%, against benchmark returns of 7.14%, 9.69%, 7.43%, and 7.20%, respectively. On June 30, 2023, the private equity portfolio was valued at $2.23 billion, or 21.1% of the total portfolio, up from $1.96 billion on June 30, 2022. The allocation is currently overweight relative to a 15% target. Private equity investments cover buyouts, credit special situations, direct lending, private equity growth expansion, funds of funds, distressed debt, secondaries, and venture capital fund strategies, diversified geographically across the globe. The infrastructure portfolio was valued at $415.9 million on June 30, 2023. The executive management team governs the retirement system's investments, and Ms. Stacey Whitton is Chief Financial Officer. Cliffwater, Meketa Investment Group, and NEPC act as LP Consultants.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| RJ Family Office | Multi family office | Singapore | Real estate | $3.7T | 1 |
| Norges Bank Investment Management | Sovereign Wealth Fund | Oslo, Norway | Core | $1.8T | 1 |
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| SEI Investments | Fund of Funds | Oaks | Multifamily · Industrial | $1.5T | 4 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| National Pension Service | Public Pension Fund | Jeonju-si, South Korea | Core · Co-investment | $800B | 1 |
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