District of Columbia Retirement Board

About District of Columbia Retirement Board

District of Columbia Retirement Board's investment portfolio was valued at $11.3 billion as of December 31, 2023, with investments in private equity, private credit, real estate, infrastructure, natural resources, as well as publicly traded equities and fixed-income securities. The Board's funding ratio was 102.3% (on an actuarial asset value basis) as of October 1, 2023. As of September 30, 2023, the private equity portfolio was valued at $1.49 billion, representing 14.2% of the total portfolio. The private equity allocation consists of $246.2 million in private debt strategies. This is an increase in allocation from September 30, 2023, when the private equity portfolio was valued at $1.19 billion. The private equity portfolio is currently underweight compared to the target allocation of 12% but is within the target allocation range of 4% to 22%. Investments in private equity include buyouts, co-investment, fund of funds, mezzanine, private growth equity, distressed debt, private debt, secondaries, and venture capital fund strategies diversified in geographical locations across the globe. As of September 30, 2023, the real asset, infrastructure, and natural resources portfolio was valued at $1.48 billion, $452.14 million, and $225.53 respectively. The retirement board's investments are governed by the board of trustees, with Mr. Joseph Bress serving as Chairman & Member of the Board's Investment Committee and Vice Chair of the Audit and Operations Committees. Meketa Investment Group serves as LP Consultants.