Houston Municipal Employees Pension System held investments valued at $4.13 billion as of June 30, 2023. These were spread across private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, cash, and other alternative asset classes. The private equity portfolio stood at $1.30 billion on June 30, 2023, which is 31.5% of the total portfolio. On June 30, 2022, it had been valued at $1.2 million. It is currently overweight against the target allocation of 29.5%. Private equity holdings cover buyouts, private growth equity, mezzanine, fund of funds, distressed debt, secondaries, and venture capital fund strategies, diversified geographically across the globe except Africa. The portfolio benchmark is the S&P 500 +3%. Unfunded commitments came to $397.58 million as of June 30, 2022. The executive management team governs the pension fund's assets, with Mr. Gregory Brunt as Chief Investment Officer. Cliffwater and Wilshire Associates act as LP Consultants.
| 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 |
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