Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge

About Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge

Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge is a public pension fund with an investment portfolio of $1.26 billion as of March 31, 2024, held in domestic and international equity, private equity, fixed income, hedge funds, real estate, real assets, natural resources, infrastructure, and cash. Returns for the quarter, 1 year, 3 years, 5 years, and 10 years were 2.84%, 8.80%, 3.80%, 7.20%, and 6.60%, against benchmark returns of 3.99%, 11.29%, 3.25%, 6.62%, and 5.69%, respectively. As of March 31, 2024, the private equity portfolio was valued at $138 million, or 10.9% of the total portfolio. This allocation rose from September 30, 2023, when $123.33 million was invested in private equity. The portfolio sits within the target range of 0 to 20%. Private equity investments cover buyouts, funds of funds, diversified private equity, private equity growth expansion, secondaries, and venture capital fund strategies, diversified geographically across the globe. The fund has committed to funds of Morgan Stanley Investment Management, Drum Capital Management, Aberdeen Asset Management, Neuberger Berman, and Top Tier Capital Partners, and it does not consider first-time funds. As of March 31, 2024, the infrastructure portfolio was valued at $60.08 million. The board of trustees governs the fund's investments, with Mr. Matt Johnson as Vice Chairman of the Board of Trustees. AndCo Consulting is the LP Consultant.