Also known as AAERS, CAAERS
City of Ann Arbor Employees' Retirement System is a public pension fund. Its portfolio was valued at $633.27 million as of June 30, 2024, and includes publicly traded equities, infrastructure, real assets, natural resources, fixed-income securities, direct lending, private equity, hedge funds, real estate, and cash. Over 10 years, 7 years, 5 years, 3 years, 1 year and the quarter, returns were 7.6%, 8.6%, 9.3%, 5.3%, 10.7% and 1.2%, versus benchmark returns of 7.5%, 8.7%, 9.3%, 5.0%, 13.6% and 2.4%. On June 30, 2024, the private equity portfolio was worth $59.76 million, or 9.4% of the total portfolio, up from $57.66 million at December 31, 2023. The private equity allocation includes $18.41 million in private debt strategies. The portfolio is currently overweight against the 14% target allocation but remains within the target range of 0% to 20%. Private equity investments cover buyouts, diversified private equity, private equity growth expansion, co-investments, fund of funds, private debt, and venture capital strategies located in the United States and Canada. As of June 30, 2024, the infrastructure portfolio was valued at $41.79 million and the natural resources portfolio at $17.31 million. A board of trustees manages the fund's investments, with Mr. David Monroe as Chairman. Meketa Investment Group is the LP consultant.
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City of Ann Arbor Employees' Retirement System is a public pension fund based in Ann Arbor, United States, managing approximately $630M in assets.
City of Ann Arbor Employees' Retirement System is headquartered in Ann Arbor, United States.
City of Ann Arbor Employees' Retirement System manages approximately $630M in assets under management.
City of Ann Arbor Employees' Retirement System was founded in 1990.
City of Ann Arbor Employees' Retirement System focuses on Buyout, Co-Investment, Debt - General, Direct Lending, Private Equity, Fund of Funds, Growth/Expansion, Hedge Fund.
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