Milwaukee County Employees' Retirement System

About Milwaukee County Employees' Retirement System

Milwaukee County Employees' Retirement System's investment portfolio is valued at $1.72 billion, as of July 31, 2024, with investments in private equity, real estate, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, and cash. Its return for the quarter, 1 year, 3 years, 5 years, 7 years, and 10 years were 4.9%, 9.2%, 4.3%, 8.4%, 7.9%, and 7.5%, compared to the benchmark return of 5.0%, 9.0%, 3.7%, 7.6%, 7.1%, and 6.8%, respectively. As of July 31, 2024, the private equity portfolio was valued at $297.08 million, representing 17.2% of the total portfolio. The private equity allocation consists of $38.84 million invested in private debt strategies. This is a decrease compared to December 31, 2023, when the fund had $300.67 million invested in private equity. The private equity portfolio is currently overweight compared to the target allocation of 9%. As of July 31, 2024, the fund's private equity returns for the quarter, 1 year, 3 years, 5 years, 7 years, and 10 years were 0.1%, 0.3%, 2.6%, 13.6%, 14.5%, and 12.7%. Investments in private equity include buyouts, co-investments, debt, fund of funds, direct lending, diversified private equity, private equity growth expansion, and venture capital strategies. It had unfunded private equity and private debt commitments amounting to $36.75 million and $62.73 million respectively, as of July 31, 2024. As of July 31, 2024, the infrastructure portfolio was valued at $190.95 million. The plan's investments are governed by the executive management team, with Ms. Erika Bronikowsk serving as Director. Marquette Associates serves as LP Consultant.