Colorado Public Employees' Retirement Association

About Colorado Public Employees' Retirement Association

Colorado Public Employees' Retirement Association's investment portfolio is valued at $67.93 billion as of December 31, 2023, with investments in equities, fixed income, credit special situations, real estate, private equity, infrastructure, real assets, agriculture, direct lending, oil and gas, natural resources, cash, hedge funds, and other alternative assets classes. Its returns for the 1 year, 3 years, 5 years, and 10 years were 13.4%, 4.5%, 10.0%, and 7.8%, compared to the benchmark return of 14.4%, 3.9%, 8.9%, and 6.9%, respectively. As of December 31, 2023, the private equity portfolio was valued at $5.35 billion, representing 7.1% of the total portfolio. There is an increase as compared to December 31, 2022, when the private equity portfolio was valued at $5.15 billion. As of December 31, 2023, the fund's private equity return for the 1 year, 3 years, 5 years, and 10 years were 4.7%, 10.9%, 13.2%, and 12.0%, compared to the benchmark return of 23.4%, 7.2%, 13.3%, and 12.4%, respectively. The private equity portfolio is currently underweight compared to the target allocation of 8.5% but is within the target allocation range of 4% to 13% Investments in private equity include buyouts, direct lending, co-investment, private equity growth expansion, diversified private equity, fund of funds, distressed debt, mezzanine, secondaries, and venture capital strategies diversified geographically across the globe. It had unfunded commitments amounting to $5.21 billion as of December 31, 2023. The plan's investments are governed by the executive management team, with Ms. Amy McGarrity serving as Chief Investment Officer & Chief Operating Officer. Aon Hewitt Investment Consulting serves as LP Consultant.