The General Retirement System of the City of Detroit is a public pension fund with an investment portfolio of $1.67 billion as of June 30, 2023, covering private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, cash and other alternative asset classes. On June 30, 2023, the private equity portfolio stood at $118.20 million, or 7% of the total, down from $121.70 million on June 30, 2022. Private equity strategies include buyouts, diversified private equity, fund of funds, private equity growth expansion, co-investments, mezzanine, venture capital, private debt and secondary funds. Unfunded private equity commitments were $46.01 million as of June 30, 2023. The portfolio does not accept first-time fund investments. The board of trustees governs the fund's investments, and Ms. Crystal Perkins chairs that board. NEPC is the LP Consultant.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
Filter the full list by property type, strategy, market and deal format.
