New Orleans Municipal Employees' Retirement System

About New Orleans Municipal Employees' Retirement System

New Orleans Municipal Employees' Retirement System investment portfolio is valued at $465.29 million as of March 31, 2024, with investments in equities, fixed income, private equity, real estate, hedge funds, private debt, cash, and other alternative asset classes. As of March 31, 2024, the fund's composite return for 1 year, 3 years, 5 years, 7 years, and 10 years was 15.49%, 4.71%, 8.47%, 8.16%, and 7.02% compared to the benchmark return of 16.43%, 5%, 8.78%, 8.56%, and 7.96% respectively. As of March 31, 2024, private equity is valued at over $28.25 million, representing 6.1% of the total portfolio. The private equity allocation consists of $8.09 million invested in private debt strategies. This is a decrease compared to March 31, 2023, when the private equity portfolio was valued at $29.28 million. The private equity portfolio is currently overweight the target allocation of 5% but is within the range of 2% to 8%. Investments in private equity include buyout, private debt, and venture capital fund strategies diversified in geographical locations across the United States and Canada. As of March 31, 2024, the infrastructure portfolio is valued at $52.21 million. The plan's retirement system is governed by the executive management team, with Mr. Patrice Vaughn serving as the Chief Accountant. Mariner serves as an LP Consultant.