Municipal Employees' Annuity and Benefit Fund of Chicago

About Municipal Employees' Annuity and Benefit Fund of Chicago

Municipal Employees' Annuity and Benefit Fund of Chicago is a public pension fund with a portfolio of $4.31 billion as of June 30, 2024. It holds domestic and international equity, fixed income, private equity, real estate, direct lending, real assets, natural resources, infrastructure, cash and hedge funds. Returns for the quarter, 1 year, 3 years, 5 years, 7 years and 10 years were 5.1%, 9.9%, 2.8%, 6.6%, 6.3% and 6.0%, against benchmark returns of 5.3%, 9.9%, 2.4%, 6.6%, 6.7% and 6.2%, respectively. On June 30, 2024, private equity was valued at $170.97 million, or 4% of the total, including $66.02 million in private debt. That is up from $132.37 million on January 31, 2024. Private equity is currently underweight against its 8% target allocation. Its private equity strategies are buyouts, fund of funds, mezzanine, growth expansion, diversified private equity, secondaries, private debt and venture capital funds, with geographic exposure to the United States, Europe, the Americas, Canada and Asia. Also on June 30, 2024, the real asset and infrastructure portfolios were valued at $347.63 million and $114.02 million, respectively. The executive management team governs the fund's investments, and Mr. Stephen Wolff is Chief Investment Officer. Marquette Associates is the LP Consultant.

Real estate mandate

Contacts at Municipal Employees' Annuity and Benefit Fund of Chicago