City of Fort Lauderdale General Employees' Retirement System

About City of Fort Lauderdale General Employees' Retirement System

City of Fort Lauderdale General Employees' Retirement System's investment portfolio is valued at $744.97 million as of March 31, 2024, with investments in domestic and international equity, fixed income, private equity, timber, real estate, real assets, natural resources, and cash. Its return for the quarter, 1 year, 3 years, 5 years, and 10 years were 11.7%, 10.8%, 4.3%, 8.4%, and 7.5% compared to the benchmark return of 70%, 84%, 42%, 31%, and 33%, respectively. As of March 31, 2024, the private equity portfolio was valued at over $56.21 million, representing 7.5% of the total portfolio. This is an increase compared to December 31, 2023, when the private equity portfolio was valued at $54.33 million. The private equity portfolio is currently overweighted as compared to the target allocation range of 5%. As of March 31, 2024, the fund's private equity return for 1 year, 3 years, and 5 years were 1.4%, 12.3%, and 18.9% compared to the benchmark return of 3.0%, 9.1%, and 15.4% respectively. Investments in private equity include buyouts, diversified private equity, private equity growth expansion, fund of funds, secondaries, and venture capital fund strategies. The plan's investments are governed by the board of trustees, with Ms. Lynn Wenguer serving as Chairwoman of the Board of Trustees. Dahab Associates serves as the LP Consultant.