Municipal Employees Retirement System of Michigan is a public pension fund with a portfolio worth $14.34 billion as of June 30, 2024. Holdings span publicly traded equities, fixed-income securities, real estate, infrastructure, hedge funds, real assets, natural resources, private equity and cash. Returns over the quarter, 1, 3, 5, 7 and 10 years were 0.92%, 10.19%, 2.84%, 7.41%, 6.85% and 6.42%. The benchmark returned 1.45%, 13.06%, 2.23%, 7.19%, 7.30% and 5.95% over the same periods. Private equity stood at $981.93 million on June 30, 2024, which is 6.8% of the total portfolio. The figure was $998.6 billion on December 31, 2023, so the allocation has fallen. Private equity returns for the quarter, 1, 3, 5, 7 and 10 years were 3.47%, 3.93%, 11.57%, 17.91%, 17.04% and 14.32%, against benchmark returns of -2.54%, 9.03%, -2.80%, 5.72%, 5.44% and 5.82%. Private equity exposure covers buyouts, diversified private equity, private equity growth expansion and venture capital fund strategies, spread across geographies worldwide. The real assets portfolio was valued at $1.79 billion and the infrastructure portfolio at $399.95 million as of June 30, 2024. The executive management team governs the plan's investments, and Mr. Jeb Burns is Chief Investment Officer. LP Consultants are Townsend Group, PricewaterhouseCoopers Legal, NEPC, MSCI and Backstop (Business/Productivity Software).
| 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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