As of March 31, 2024, the Milwaukee City Employees' Retirement System held an investment portfolio worth $5.96 billion, spread across private equity, real estate, hedge funds, real assets, publicly traded equities, fixed-income securities, and cash. Reported returns for the quarter, 1 year, 3 years, and 5 years were 2.84%, 9.63%, 6.86%, 8.32%, and 7.52%, against benchmark returns of 3.87%, 11.89%, 4.51%, and 7.77% respectively. The private equity portfolio stood at $749.52 million on March 31, 2024, or 12.56% of the total portfolio. That is up from $746.2 million on October 31, 2023, and sits above the 12% target allocation. Private equity returns for the quarter, 1 year, 3 years, and 5 years were -0.7%, 2.94%, 17.97%, and 18.53%, versus benchmark returns of 12.49%, 28.21%, 10.95%, and 17.84%, respectively. Private equity holdings cover buyouts, diversified private equity, fund of funds, secondaries, private equity growth expansion, and venture capital strategies, spread geographically across the globe. The real asset portfolio was valued at $178.54 million as of March 31, 2024. The executive management team governs the system's investments. Mr. David Silber is Chief Investment Officer, and Callan Associates acts as LP Consultant.
| 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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