Iowa Municipal Fire & Police Retirement System

About Iowa Municipal Fire & Police Retirement System

Iowa Municipal Fire & Police Retirement System's investment portfolio is valued at $3.29 billion, as of November 12, 2024, with investments in domestic and international equity, fixed income, private equity, hedge fund, real estate, infrastructure, real assets, natural resources, and cash. Its returns for the quarter, 1 year, 3 years, 5 years, and 10 years were 3.1%,9.1%, 5.6%, 8.4%, and 7.2%, compared to the benchmark return of 5.0%, 15.3%, 4.2%, 7.6%, and 6.4%, respectively. As of March 31, 2024, the private equity portfolio was valued at $845.97 million, representing 25.7% of the total portfolio. This is a decrease compared to September 30, 2023, when the private equity portfolio was valued at $1.62 billion. Investments in private equity include buyouts, co-investment, private debt, direct lending, fund of funds, private equity growth expansion, mezzanine, distressed debt, and venture capital fund strategies diversified in geographical locations across the globe. The fund is not open to first-time fund investments. As of March 31, 2024, the infrastructure and real assets portfolio is valued at $102.84 million and $92.31 million respectively. The plan's investments are governed by the executive team, with Mr. Carlton Chin serving as Chief Investment Officer. Marquette Associates serves as LP Consultant.