Fort Worth Employees' Retirement Fund

About Fort Worth Employees' Retirement Fund

Fort Worth Employees Retirement Fund's investment portfolio is valued at $2.83 billion as of March 31, 2024, with investments in private equity, distressed debt, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, and cash. Its returns for 1 year, 3 years, and 5 years are 9.92%, 5.06%, and 7.57% respectively. As of March 31, 2024, the private equity portfolio was valued at $350.72 million, representing 12.4% of the total portfolio. This is an increase compared to December 31, 2023, when the private equity portfolio was valued at $345.71 million. The private equity portfolio is currently underweight compared to the target allocation of 18% but is within the target allocation range of 5% to 20%. As of March 31, 2024, the fund's private equity return for 1 year, 3 years, and 5 years were 1.82%, 12.98%, and 16.98% respectively. Investments in private equity include fund of funds, mezzanine, secondaries, buyouts, private equity growth expansion, diversified private equity, and venture capital strategies. As of March 31, 2024, the real assets portfolio was valued at $37.16 million. The fund's investments are governed by the board of trustees, with Mr. Doug Wilson serving as Chairman of the Board & Member of the Audit and Budget, Personnel, Disability, and Investment Committees. Aksia & Verus serve as LP Consultants.