Municipal Employees Retirement System of Louisiana

About Municipal Employees Retirement System of Louisiana

Municipal Employees Retirement System of Louisiana's investment portfolio is valued at $1.23 billion as of July 31, 2024, with investments in domestic and foreign equities, real estate, hedge funds, direct lending, fixed income, private equity, infrastructure, real assets, natural resources, and cash. Its return for 1 year, 3 years, 5 years, and 10 years, is 10.8%, 3.2%, 7.2%, and 4.7%, compared to the benchmark return of 9.6%, 1.9%, 6.3%, and 5.9%, respectively. As of July 31, 2024, the private equity portfolio was valued at $38.87 million, representing 2.6% of the total portfolio. The private equity allocation consists of $38.87 million invested in private debt strategies. This is an increase compared to March 31, 2024, when the private equity portfolio was valued at $38.04 million. The private equity portfolio is currently within the target allocation range of 0%-6%. Investments in private equity include private debt, funds of funds, mezzanine, and venture capital fund strategies. As of March 31, 2024, the fund's private equity return for 1 year, 3 years, 5 years, and 10 years is 13.4%, 11.3%, 9.9%, and 6.8% compared to the benchmark return of 13.3%, 4.2%, 6.3%, and 6.7%, respectively. The plan's investments are governed by a board of trustees, with Ms. Susan Percle serving as Chairwoman of the Board of Trustees. Meketa Investment Group serves as the LP Consultant.