Public Safety Personnel Retirement System of the State of Arizona

About Public Safety Personnel Retirement System of the State of Arizona

Public Safety Personnel Retirement System of the State of Arizona's investment portfolio is valued at $22.15 billion as of July 31, 2024, with investments in private equity, real estate, infrastructure, real assets, natural resources, publicly-traded equities, fixed-income securities, cash, and other alternative asset classes. Its return for 1 year, 3 years, 5 years, and 10 years was 9.8%, 5.3%, 8.3%, and 7.1%, compared to the benchmark return of 12.6%, 5.8%, 9.5%, and 7.8%, respectively. As of July 31, 2024, the private equity portfolio was valued at $2.58 billion, representing 11.7% of the total portfolio. This is a decrease compared to June 30, 2023, when the private equity portfolio was valued at $4.47 billion. Investments in private equity include buyouts, mezzanine, private debt, fund of funds, private equity growth expansion, diversified private equity, secondaries, co-investment, and venture capital fund strategies. The fund is open to first-time fund investments. The fund's investments are governed by the executive management team, with Mr. Mark Steed serving as Chief Investment Officer. NEPC & Albourne Partners serves as the LP Consultants.