Milwaukee County Employees' Retirement System

About Milwaukee County Employees' Retirement System

Milwaukee County Employees' Retirement System is a public pension fund with a portfolio worth $1.72 billion as of July 31, 2024. Holdings span private equity, real estate, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, and cash. Returns over the quarter, 1 year, 3 years, 5 years, 7 years, and 10 years were 4.9%, 9.2%, 4.3%, 8.4%, 7.9%, and 7.5%. The benchmark returned 5.0%, 9.0%, 3.7%, 7.6%, 7.1%, and 6.8% over the same periods. The private equity portfolio stood at $297.08 million on July 31, 2024, which is 17.2% of the total portfolio and overweight against a 9% target allocation. Of that amount, $38.84 million is placed in private debt strategies. On December 31, 2023, the fund had $300.67 million in private equity, so the figure has declined. Private equity returns as of July 31, 2024 were 0.1% for the quarter, 0.3% for 1 year, 2.6% for 3 years, 13.6% for 5 years, 14.5% for 7 years, and 12.7% for 10 years. Strategies include buyouts, co-investments, debt, fund of funds, direct lending, diversified private equity, private equity growth expansion, and venture capital. Unfunded commitments as of July 31, 2024 total $36.75 million in private equity and $62.73 million in private debt. The infrastructure portfolio was worth $190.95 million as of July 31, 2024. The executive management team oversees the plan's investments, and Ms. Erika Bronikowsk is Director. Marquette Associates is the LP Consultant.

Real estate mandate

Contacts at Milwaukee County Employees' Retirement System