City of Phoenix Employees Retirement System

About City of Phoenix Employees Retirement System

City of Phoenix Employees Retirement System's investment portfolio is valued at $3.23 billion as of June 30, 2024, with investments in domestic and international equity, fixed-income securities, private equity, real estate, real assets, natural resources, hedge funds, infrastructure, and cash. Its return for the quarter, 1 year, 3 years, 5 years, and 10 years, 0.6%, 7.3%, 2.5%, 6.1%, and 5.7% respectively compared to the benchmark return of 2.2%, 10.5%, 3.6%, 7.1%, and 6.7% respectively. As of June 30, 2024, the private equity portfolio was valued at over $277.10 million, representing 8.6% of the total portfolio. There is an increase compared to September 30, 2023, when the private equity portfolio was valued at $258.75 million. The private equity portfolio is currently underweight compared to the target allocation range of 4% to 14%. Investments in private equity include buyouts, diversified private equity, private equity growth expansion, fund of funds, private debt, mezzanine, and venture capital strategies diversified in geographical locations across the globe. As of June 30, 2024, the infrastructure and natural resources portfolio was valued at $117.37 million, and $69.13 million, respectively. The plan's investments are governed by the retirement board, with Mr. Aaron Avila serving as Chairman of the Retirement Board & of the Charter Amendments, Policies & Procedures Committee & Member of the Investment & Legal Review Committee. Meketa Investment Group and RVK serves as the L.P. Consultants.