Massachusetts Water Resources Authority Employees' Retirement System

About Massachusetts Water Resources Authority Employees' Retirement System

Massachusetts Water Resources Authority Employees Retirement Systems investment portfolio is valued at $720.20 million as of September 30, 2024, with investments in private equity, real estate, private debt, hedge funds, publicly traded equity, fixed income, and cash. Its returns for the 1 year, 3 years, 5 years, and 10 years were 15.5%, 2.7%, 7.0%, and 6.3%, compared to the benchmark return of 17.7%, 4.4%, 8.1%, and 7.2%, respectively. As of September 30, 2024, the private equity portfolio was valued at $95.40 million, representing 13.1% of the total portfolio. This is a decrease compared to May 31, 2024, when the private equity portfolio was valued at $95.94 million. As of September 30, 2024, the fund's private equity return for the 1 year, 3 years, 5 years, and 10 years were 5.3%, 6.5%, 13.8%, and 13.5% compared to the benchmark return of 6.7%, 5.7%, 14.3%, and 12.9% respectively. Investments in private equity include buyouts, co-investment, private debt, secondaries, and venture capital strategies. The fund's investments are governed by the retirement board members, with Mr. James Fleming serving as Chairman of the Board. NEPC serves as the LP Consultant.