Milwaukee City Employees' Retirement System

About Milwaukee City Employees' Retirement System

Milwaukee City Employees' Retirement System's investment portfolio is valued at $5.96 billion as of March 31, 2024, with investments in private equity, real estate, hedge funds, real assets, publicly traded equities, fixed-income securities, and cash. Its return for the quarter, 1 year, 3 years, and 5 years were 2.84%, 9.63%, 6.86%, 8.32%, and 7.52% compared to the benchmark return of 3.87%, 11.89%, 4.51%, and 7.77% respectively. As of March 31, 2024, the private equity portfolio was valued at $749.52 million representing 12.56% of the total portfolio. This is an increase compared to October 31, 2023, when the private equity portfolio was valued at $746.2 million. The private equity portfolio is currently overweight compared to the target allocation of 12%. As of March 31, 2024, the system's private equity return for the quarter, 1 year, 3 years, and 5 years were -0.7%, 2.94%, 17.97%, and 18.53%, compared to the benchmark return of 12.49%, 28.21%, 10.95%, and 17.84%, respectively. Investments in private equity include buyouts, diversified private equity, fund of funds, secondaries, private equity growth expansion, and venture capital strategies diversified in geographical locations across the globe. As of March 31, 2024, the real asset portfolio was valued at $178.54 million. The retirement system's investments are governed by the executive management team, with Mr. David Silber serving as Chief Investment Officer. Callan Associates serves as the LP Consultant.