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's investment portfolio is valued at $1.26 billion, as of March 31, 2024, with investments in domestic and international equity, private equity, fixed income, hedge funds, real estate, real assets, natural resources, infrastructure, and cash. Its 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%, compared to the benchmark return 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, representing 10.9% of the total portfolio. This is an increase in allocation from September 30, 2023, when the fund had $123.33 million invested in private equity. The private equity portfolio is currently within the target range of 0 to 20%. Investments in private equity include buyouts, funds of funds, diversified private equity, private equity growth expansion, secondaries, and venture capital fund strategies diversified in geographical locations across the globe. The fund has committed to the funds of Morgan Stanley Investment Management, Drum Capital Management, Aberdeen Asset Management, Neuberger Berman, and Top Tier Capital Partners. The fund is not open to any first-time fund investments. As of March 31, 2024, the infrastructure portfolio was valued at $60.08 million. The fund's investments are governed by the board of trustees, with Mr. Matt Johnson serving as Vice Chairman of the Board of Trustees. AndCo Consulting serves as LP Consultant.