Municipal Employees' Annuity and Benefit Fund of Chicago

About Municipal Employees' Annuity and Benefit Fund of Chicago

Municipal Employees' Annuity and Benefit Fund of Chicago's investment portfolio is valued at $4.31 billion, as of June 30, 2024, with investments in domestic and international equity, fixed income, private equity, real estate, direct lending, real assets, natural resources, infrastructure, cash, and hedge funds. Its return for the quarter, 1 year, 3 years, 5 years, 7 years, and 10 years were 5.1%, 9.9%, 2.8%, 6.6%, 6.3%, and 6.0%, compared to the benchmark return of 5.3%, 9.9%, 2.4%, 6.6%, 6.7%, and 6.2%, respectively. As of June 30, 2024, the private equity portfolio was valued at $170.97 million, representing 4% of the total portfolio. The private equity allocation consists of $66.02 million in private debt. This is an increase compared to January 31, 2024, when the private equity portfolio was valued at $132.37 million. The private equity portfolio is currently underweight compared to the target allocation of 8%. Investments in private equity include buyouts, fund of funds, mezzanine, private equity growth expansion, diversified private equity, secondaries, private debt, and venture capital fund strategies diversified in geographical locations across the United States, Europe, the Americas, Canada, and Asia. As of June 30, 2024, the real asset and infrastructure portfolio were valued at $347.63 million and $114.02 million, respectively. The fund's investment is governed by the executive management team, with Mr. Stephen Wolff serving as Chief Investment Officer. Marquette Associates serves as the LP Consultant.