Fund Universe Library

Vintage Year Partnership Capital Commitment ... Total Capital Contributed ... Total Capital Distributed Fair ... $10 ... 15 Harrison Street ... 108. ... C $17.4 $14.3 $1. ... 1.3 ... 15 Lone Star Fund IX $300.0 $302.3 $345.1 $94.2 1.4 ... x 13.01% 2015 Harrison Street REP V Co-Investment $35.0 $36.1 $44.5 $19.4 1.77x 10.71% 2015 Madison Realty Capital Debt Fund III, LP $150.0 $254.0 $184.5 $110.4 1.16x 4.28% 2015 Lone Star Real Estate Fund IV $243.0 $238.3 $221.3 $55.0 1.16x 6.74% 2016 Lone Star

Summary As of December ... 31, 2025 ... | Category | Results | Notes | | --- | --- | --- | | Total Fund Performance Return | Positive | +16.4% | | Performance vs. Policy Index | Matched | +16.4% vs. +16.4% | | 1 Performance vs. Peers | Outperformed | +16.4% vs. +13.5% median (8th percentile) | | Asset Allocation vs. Targets | Detractive | Underweight to Private Equity and overweight Real Estate detracted | | Public Active Management | Outperformed | 8 of 11 active public managers beat benchmarks

Quarterly Review ... The State of Connecticut Retirement Plans and Trust Funds Alternative Investments Fund ... December 31, 2019 ... • Absolute Return Strategies Summary • Absolute Return Strategies Full Report 3. AIF Connecticut Horizon Fund (CHF) Portfolio 4. AIF Opportunistic Portfolio 5. AIF Real Assets Portfolio 6. Appendices ... • AIF Opportunistic and Real Assets Portfolios Supporting Analysis and Notes • Corporate Update • Disclaimer, Glossary, and Notes Executive Summa

Hartford, CT – At today’s Investment Advisory Council (IAC) meeting, Connecticut State Treasurer Shawn T. Wooden announced several investment decisions to benefit the Connecticut Retirement Plans and Trust Funds (CRPTF). Decisions included Connecticut committing $75 million in the Hg-CRPTF Co-Investment L.P. and $75 million in Hg Titan 1, L.P, within the CRPTF’s private equity allocation and private credit allocation, respectively. Treasurer Wooden also announced a commitment of $100 million in

Hartford, CT – At today’s Investment Advisory Council (IAC) meeting, Connecticut State Treasurer Shawn T. Wooden announced several investment decisions for the Connecticut Retirement Plans and Trust Funds (CRPTF). Decisions included committing €150 million Euros, approximately $177 million, to the ICG Europe Fund VIII, and $150 million to the Strategic Value Special Situations Fund V (SVSS V), both within the CRPTF’s private equity allocation. Treasurer Wooden announced his decision to commit $1

In the Real Estate Portfolio, the Treasurer's Office decided to commit up to $200 million to ... Smart Markets Fund, L.P. In the Infrastructure and Natural Resources Portfolio the Treasurer's ... Office decided to commit up to $150 million to AxInfra NA II, LP. Lastly, Treasurer provided a ... Presentation and Consideration of Real Estate Fund Opportunities ... Presentation and Consideration of Artemis Real Estate Partners Fund V, L.P. ... Amit Aggarwal, Principal Investment Officer, presented A

Legacy Private Equity 2005 261.2 34.7 333.4 465.6 83.0 1.65 9.8 8.3 NB Fund of One 2017 388.9 126.8 218.9 44.2 339.9 1.75 23.8 5.3 Private Debt 2010 698.0 171.6 645.2 564.4 209.1 1.20 6.4 5.5 Real Estate 2012 392.1 124.7 298.2 197.4 205.9 1.35 12.7 -0.3 Real Assets 2016 173.2 81.0 99.6 35.7 103.5 1.40 14.0 9.0 Venture Capital 2020 115.7 72.0 43.8 0.3 44.2 1.02 1.4 -0.6 Total 2,029.1 610.8 1,639.1 1,307.7 985.5 1.40 10.1 NA ... As of March 31, 2023, the Plan had committed $173.2 million to 15 rea

Private Real Estate ... As of June 30, 2018, the Retirement System had committed a total of $172.4 million to ten closed-end real estate funds. The Total Closed-End Program’s reported fair value of real estate investments was $44.2 million at June 30, 2018. ... | | Aggregate Real Estate Program | | 1 | | --- | --- | --- | --- | ... 10 | | ... | $172.4 ... | $126.5 million | | ... Distributions | $118.8 million | | ... | Reported Value | $44.2 million ... Total Value Multiple | ... 1.3x

The total reported fair value of the Real Estate Program's investments was $247.8 million at March 31, 2025, which equates to 4.7% of the overall Retirement

MEETING DATE: October 15, 2025 SUBJECT: Investment Manager Compliance and Watch List Report—Third Quarter 2025 SUBMITTED FOR: Action X Information RECOMMENDATION Receive and file the Investment Manager Compliance and Watch List Report for the quarter ended September 30, 2025. PURPOSE This item complies with SCERS’ investment policy statement reporting requirements and contributes to the effective management and oversight of investment activities. DISCUSSION SCERS’ Investment Manager transactions

MEETING DATE: May 20, 2026 SUBJECT: Monthly Report of Investment Activity—April 2026 SUBMITTED FOR: Action X Information ... RECOMMENDATION Receive and file the Monthly Report of Investment Activity for April 2026. PURPOSE/STRATEGIC PRIORITY This item complies with SCERS’ investment policy statement reporting requirements to provide information on new investment activity in connection with SCERS’ investment goals and objectives. ATTACHMENT • Board Order • Monthly Report of Investment Activity—Ap

Merced County Profile • Merced County ranked fifth among California’s counties in farm production sales ($4.2 billion) in 2023. ... • Merced County’s median price of a single-family home averaged $406,000 in 2024, nearly 47 percent of the statewide average of $867,000 for the same period. • It costs about $7,500 a month ($90,200 a year) for a family of three to live in the county, about 17 percent less than the statewide average, and slightly more than Imperial and Kern counties, the cheapest in

s Total Fund is largely performing as ... , exhibiting returns above expectations for the amount of risk taken over the long term. ... is measured by the Sharpe Ratio (risk-adjusted return), and a comparison to the Simple Target Index. The Simple Target Index is the most basic index which could replicate CCCERA’s Total Fund, and is made up of 76% MSCI ACWI, 17% Bloomberg 1-3 Year Gov/Credit, and 7% 3-Month Treasury Bills (please see the Total Fund pages in the appendix for additional details). C

Fourth Quarter 2023 ... Executive Summary | As of December 31, 2023 ... 31, ... Total Program 1 1,127.3 10.1 12.1 11.0 6 to 16 Core Allocation 896.0 79.5 68.5 70.0 55 to 85 Non-Core Allocation 231.3 20.5 31.5 30.0 15 to 45 ... Total Program Core Allocation Non-Core Allocation → The San Diego City Employees’ Retirement System (“SDCERS”) private real estate portfolio had a net asset value (“NAV”) of $1,127.3 million; equal to 10.1% of the total plan, which is within the Tactical Allocation Ra

Performance Report December 31, 2024 ... Real Estate 9.3 0.1 0.0 9.3 1.1 0.1 0.00 -0.09 0.00 -0.09 ... Real Estate 9.5 -5.5 -0.5 9.6 -1.8 -0.2 0.01 -0.37 0.00 -0.36 ... Absolute Return 5.8% Cash 1.0% Credit 9.5% ... Real Assets 14.8% ... Rate Sensitive 1 ... .2% Multi Asset 0.4% ... Performance Summary | As of December 31, 2024 ... Asset Allocation | As of December ... 31, 2024 ... 10 ... .0 -1.2 3.2 6 ... 7 1.6 6.6 6 ... 6 7.9 ... Asset Allocation & Performance | As of December 31, 2024 ... Ass

In accordance with Government Auditing Standards, we have also issued our report dated September 26,. 2024 on our consideration of BWC/IC's

A. Retirement Fund Balance Sheet from Vickie Fredrick, Division of Fiscal Management (email) B. Asset Consulting Group (email)  Performance Report- March 31, 2020 C. Jennison Associates LLC – (NA) D. AJO Portfolio (email)  Performance Report- March 2020  Purchase and Sales-March 31, 2020 ... J. Acadian (email)  Monthly Portfolio Review- March 31, 2020  Flash Report- March 31, 2020  Monthly Equity Market Review- March 2020  Quarterly Update- Q1 2020  Quarter Portfolio Review- March 31, 20

Valuation Date (VD): December 31, 2024 Prior Measurement Date: June 30, 2024 Measurement Date (MD): June 30, 2025 Membership Data: Retirees and Beneficiaries 117,870 Inactive Vested Members 33,664 Inactive Nonvested Members 43,391 Active Employees 155,688 Total 350,613 Single Equivalent Interest Rate (SEIR): Long-Term Expected Rate of Return 7.00% Municipal Bond Index Rate at Prior Measurement Date 3.94% Municipal Bond Index Rate at Measurement Date 5.25% Fiscal Year in which Fiduciary Net Posit

September 28, 2023 (Des Moines, IA) - At today’s quarterly meeting of its investment board, the Iowa Public Employees’ Retirement System announced that its investment program earned a 5.41% return in FY2023, slightly exceeding its policy benchmark of 5.27%. At the conclusion of FY2023, the value of the IPERS Trust Fund equaled $41.13 billion, a $1 billion increase from the same time in FY2022. ... Today the IPERS Investment Board also modified the System’s asset allocation plan as part of its an

To provide a glimpse of the unique and diverse properties owned by the State of Oklahoma, OMES selected five properties from the 2024 Real

783 ... 816 7.43% Absolute Return Pool 530,756 52,125,650 12 - - 52,656,417 0.16% Bank Loans Pool 97,708,200 2,778,085 8,944 22,825,141 (5,449,168) 117,871,202 ... .35% Total Non-Core Fixed Income 365,352,987 3,462,462,109 14,878,624 92,983,047 (86,341,311) 3,849,335,457 11.44% Other Securities and Cash 483,033,742 157,926,892 640,960,633 1.90% Real Estate Pool 65,547,062 2,930,098,774 1,367 2,995,647,203 8.90% Real Return Pool 41,116,451 2,520,532,977 795,244 491,849 (5,145,073) 2,557,791,448 7

As of April 2024, the County’s median home value was $1,220,000, 13.5% higher from the prior year. Source: Corelogic and Redfin The assessed value of ... determines how much ... taxes the County receives. After ten years of modest growth, the Assessor is estimating declining growth at 4.3% for the Fiscal Year 2024-25 assessment roll. ... : ✓ En ... in a ... Services (BACS). ✓ Recover ... funds to pay for vital ... ever to give ... Support Vision ... 6: ➢ Plan, design, construct and maintain floo

FORMAL TRANSMITTAL OF THE ACFR The audited ... ACFR) of Howard ... in compliance with Howard ... Charter, Section ... 2 and includes the ... ’s opinion ... the independent public ... LLP hired by the ... Council. The annual ... finance departments of ... Office space and industrial vacancies remain below 12.0%, and commercial real estate vacancy rates continue to decline. The average for flex and retail vacancy rates remains below 3.2% as reported by ... CoStar. The year-to-date average vacancy

Steve Spook, Senior Investment Officer – Real Estate, discussed interest rates, valuations, and transactions. He stated that returns were strong through the 2nd quarter and the benchmark was up 28 percent. Tim Taylor, Senior Investment Officer – Global Equity, discussed that the markets continued to be ... more volatile and that there would be increasing interest rates and fluctuating inflation. The reserve central ... banks would likely begin to tighten aggressively as needed which would call f

1 Year 3 Year 5 Year 7 Year 10 Year 10.0% 2.8% 7.4% 7.5% 7.0% Source: State Street The Systems’ total assets under management at the close of the 2024 fiscal year stand at over $274 billion. The “funded ratio” (i.e. the percentage of assets against total obligations for the decades to come) for the combined funds was 83% (calculated as of June 30, 2023, the percentage will be updated later this year by the Actuary), which exceeds the average of U.S. public pension plans of 78%. The contributions

Historical Funded Ratio ... | Year | Funded Ratio | Assets | Unfunded | Members | | --- | --- | --- | --- | --- | | 2024 | 82.6% | N/A | N/A | N/A | | 2023 | 81.6% | $16.42B | $3.70B | 22,560 | | 2022 | 81.4% | $15.51B | $3.55B | 22,250 | | 2021 | 79.7% | $16.67B | $4.24B | 21,877 | | 2020 | 77.3% | $13.35B | $3.92B | 21,911 | | 2019 | 76.9% | $12.99B | $3.90B | 21,340 | | 2018 | 78.6% | $12.28B | $3.35B | 21,007 | | 2017 | 77.0% | $11.31B | $3.37B | 20,726 | | 2016 | 74.8% | $10.10B | $3.39B

This narrative discussion and analysis of the New York City Fire Pension Funds’ (“FIRE”, “Funds” or the “Plan”) financial performance provides an overview of the Funds’ combining financial activities for the Fiscal Years ended June 30, 2024 and 2023. It is meant to assist the reader in understanding the Funds’ combining financial statements by providing an overall review of the combining financial activities during the years and the effects of significant changes, as well as a comparison with th

REPORT OF THE ILLINOIS STATE BOARD OF INVESTMENT (ISBI) ... Dipesh Mehta, ISBI Executive Director directed the Board’s attention to the December 31, 2023, Performance Report and noted the Fund is currently valued at approximately $25.2 billion and returned 4% through the 2nd quarter of 2024. He indicated that there was considerable volatility in certain asset classes during that time, but that asset allocation remains within the policy ranges and is reviewed periodically as one of ISBI’s most im

Investments The State of Michigan Investment Board is the investment fiduciary and custodian of all investments of the System pursuant to State law. The primary investment objective is to maximize the rate of return on the total investment portfolio, consistent with a high degree of prudence and sufficient diversity to eliminate inordinate risks and to meet the actuarial assumption for the investment rate of return. The investment activity for the year produced a total rate ... of return on the

Gross of Fees ... private equity benchmark ... Asset Class Performance Summary One Year ended ... of Fees) ... | 1 Year | 3 Year | 5 Year | 10 Year | | --- | --- | --- | --- | | GLOBAL EQUITY 21.5% | PRIVATE EQUITY 23.0% | PRIVATE EQUITY 20.0% | PRIVATE EQUITY 20.0% | | VALUE-ADDED FIXED INCOME 10.2% | REAL ESTATE 11.5% | REAL ESTATE 8.2% | REAL ESTATE 9.3% | | TIMBER 6.8% | TIMBER 8.5% | GLOBAL EQUITY 6.6% | GLOBAL EQUITY 7.8% | | PCS 5.6% | GLOBAL EQUITY 7.9% | TIMBER 5.1% | TIMBER 6.1% | | PR

In 2023 it was recommended NIC Staff allocate the following core capital budgets for the DB/CBB, 50-50 Endowment, Healthcare Endowment, and OSERS. Due to the impact of rising inflation and interest rates, The Townsend Group advised NIC Staff to defer new commitments to core real estate. The recommended budget for 2024 reflects a revision to the unallocated 2023 budget reflecting diminishing denominator effect NIC: 2023 and 2024 (Core) Plan Name ... | | | Plan Name | Budget | | Capital Budget

The total reported fair value of the Real Estate Program's investments was $215.8 million at December 31, 2023, which equates to 4.4% of the overall Retirement

Diversified portfolio of U.S. REITs with a focus on the underlying real estate assets. 3.3%. 2.2%. 1.7%. 3.4%. 3.0%. 3.0%. 2.4%. 4.0%. 4.4%. 4.2

As of June 30, 2023 Public Employees' Retirement Fund (PERF) Portfolio & Partnership Report Real Assets Ending Market Value & Performance Summary (By Partnership) 1 Partnership ... Market Value (MM) 10-Yr 5-Yr 3-Yr 1-Yr ... Total ... Total Return ... CalWest CalPERS GIP $ 8.2 - - -1.2 % -4.1 % ... Listed Partnerships > $50K on PPR ... As of June 30, 2023 Public Employees' Retirement Fund (PERF) Portfolio & Partnership Report Real Assets Ending Market Value & Performance Summary (By Partnership)

Performance Review and Market Update - ACG Nathan Burk from Asset Consulting Group reviewed the Investment Performance Report through September 30, 2024 and gave a high-level market update and economic overview through October 31. The following sections were highlighted: • Market Environment • Total Portfolio, Target Allocation, and Market Value ... • Rates of Return Summary & Universe Rankings Mr. Burk noted that overall performance is good. Inflation, global growth, and the federal reserve

The property portfolio was valued as at 30 September 2024 by an independent valuation expert, Cluttons LLP, 2024 Approved by the Trustee Board

Pennsylvania SERS: Total Real Estate Portfolio. N/A. 6.3%. 3.3%. 4.0%. -12.7 ... Investment Level. Performance as of December 31, 2023. Page 16. ACTIVE

Core Bregal Unternehmerkapital IV, SCSp Buyout - Mid 2023 49,998,896 - (245,380) Bridgepoint Europe VI, L.P. Buyout - Large 2018 44,922,433 42,453,461 59,220,401 Bridgepoint Europe VII L.P. Buyout - Large 2022 55,186,420 - (1,697,639) Builders VC Fund II, LP Venture Capital 2021 15,000,000 7,762,500 8,053,884 Canaan IX, L.P. Venture Capital 2012 10,000,000 9,900,000 6,288,909 Canaan VII, L.P. Venture Capital 2005 3,500,000 3,500,000 562,711 Canaan VIII, L.P. Venture Capital 2007 4,000,000 3,960

Private Real Assets Portfolio ... Portfolio Status as of June 30, 2024 ... | $603 | | --- | --- | ... | Invested Capital | $503 | ... | % Invested | 70% | ... | Distributed Capital | $244 | ... | % Distributed | 49% | ... | Market Value | $456 | ... | TVPI | 1.39x | ... | IRR (annualized, since inception - 2013) | 11.07%

 The table below displays the since-inception performance of active (non-liquidated) investments managed by diverse-owned and diverse led investment management firms in the PA SERS real estate portfolio ... ACTIVE DIVERSE-LED INVESTMENTS ... Data as of December 31, 2023. NEPC defines “diverse-owned” as a firm that’s at least 50% owned by an under-represented group and “diverse-led” as a firm that’s 33% to 50% owned by an under-represented group. The funds listed on this page are those which

The San Diego City Employees' Retirement System (“SDCERS”) private real estate portfolio had a net asset value (“NAV”) of $1,127.3 million; equal to 10.1% of