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Review of total portfolio performance for period ending December 31, 2024. Diversified portfolio of U.S. REITs with a focus on the…

| 3.1. | Quarterly Update on the Investment Portfolio as of May 31, 2018 For Report - Presented by Alec Stais | | 13 | | --- | --- | --- | --- | | 3.2. | Quarterly Update provided by TIAA as of May 31, 2018 For Report 2018.pdf | TIAA Plan Review for State of Rhode Island ERSRI Meeting July 11 | 14 15 | ... • Quarterly Update on the Investment Portfolio as of May 31, 2018 by CIO Alec Stais and Defined Contribution Plan Update from TIAA by David Iden, Relationship Manager and Matthew DiCroce,…

PCA’s View ... 3Q 2015 1-Year 3-Year 5-Year ERSRI Total Net Returns 3.8% 14.1% 12.8% 12.9% NFI-ODCE 3.4% 13.9% 12.4% 12.9% ... ERSRI Real Estate Portfolio ... • Total Q3 Portfolio Value: $439.5 M • Current Committed but Unfunded: $129.2 M • Total Value and Unfunded: $568.7 M • Total Value and Unfunded Commitments as a Percentage of Q3 Total Plan Assets: 7.6% GROSS (%) NET (%) ... 3Q-15 Total 1-Year 3-Year ERSRI Total Real Estate Portfolio 439,526,813 129,165,582 568,692,395 4.1 15.6 14.

ERSRI| Portfolio Overview Time-Weighted Performance, Diversification, and Objectives ... S.I. Date Total Program Net 100.0 0.2 (4.2) (1.0) (4.2) 5.5 5.4 7.9 5.1 Apr-89 NCREIF Fund Index-Open End Diversified Core Equity (VW) (Net) ... (0.7) (10.0) (3.2) (10.0) 1.0 2.3 5.5 5.7 Core/Core-Plus 58.1 100.0 (0.2) (5.0) (1.6) (5.0) 3.9 4.0 6.4 5.4 Apr-89 NCREIF Fund Index-Open End Diversified Core Equity (VW) (Net) ... (0.7) (10.0) (3.2) (10.0) 1.0 2.3 5.5 5.7 AEW Core Property 17.9 30.8 0.0 (3.7) (0.9)

The strategic asset allocation and asset class target weights set forth in Appendix 1 are established for the OPEB Trust investments. The Investment Team shall maintain asset class weights within target ranges. The Investment Team will provide Trustees with reports showing current asset allocations at least quarterly. The Investment Team shall annually review the investments and asset allocations with Trustees. The Board shall review, and when strategically appropriate, approve recommended…

Investment Portfolio ... 76 ... 81 ... Performance: Actual Returns vs. Benchmark Returns ... 82 ... . The defined benefit programs had a return of .6% while the group life insurance program had a return of .9% for fiscal ... year 2016. Total value of the defined benefit portfolio decreased to $12.3 billion at June 30, 2016 from $12.6 billion at June 30, 2015. This decrease in ... total value of the portfolio is due to a combination of low earnings and negative cash flow experienced by the…

The Investment Team will provide Trustees with reports showing the fund's current asset allocation at least monthly, and report on rebalancing…

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TOWNSEND GROUP, AN AON COMPANY – FOURTH QUARTER 2019 REAL ESTATE PERFORMANCE REVIEW ... Investment Officer (IO), Ian Wetzel, and Townsend Group, an Aon Company (Aon), Chae Hong, presented an oral and written report to the Board on the 4th Quarter 2019 Real Estate Performance Review and discussed: ... EXECUTIVE SUMMARY Real Estate Market Performance and Overview ... • The NFI-ODCE trailing one-year return now stands at 4.4% net. While 5-year real estate returns are generally in line with the…

DEPUTY EXECUTIVE DIRECTOR’S REPORT Executive Director (ED) Williams gave an oral report to the Board and a brief report of operational matters usually covered by the Deputy Executive Director’s Report as follows: ... • An in- ... made to the Kauai County Council on the status of ... Vice Chair Mizumoto provided the reason to enter into Executive Session ... Executive Session, pursuant to HRS §92-5(a)(2), (4), and (8), and HRS §88-27.5(a)(2), to conduct discussions, deliberate, or make a…

Chief Investment Officer (CIO) Kristin Varela and Meketa Investment Group Inc.’s (Meketa) Colin Bebee who attended in person, presented an oral and written report to the Board, as previously presented to the Committee, on the Total Fund Performance Review for Period Ending December 31, 2025, and highlighted: ... INTRODUCTION Executive Summary Risk-Adjusted Performance of Hawaii ERS vs. Median Public Fund Portfolio Valuation ERS Total Fund Relative Performance Asset Allocation vs. Target…

2011 $3,500 ... 0 $3 ... 778 ... 7 $7 ... 8 ABRY ... P. Mezzanine 2010 5 ... IV, L.P. Mezzanine 2012 6,503,582 6,674,850 577,126 ABS Capital Partners VI, L.P.⁽²⁾ Growth Equity 2009 4 ... Venture Capital 2013 4,850,000 4,534,750 4,182,653 Benefit Street Partners Debt Fund IV, L.P. Special Situations 2017 50,000,000 52,482,676 42,223,092 Berkshire Fund VIII, L.P. Buyout - Large 2011 7,000,000 7,960,231 4,640,600 Bertram Capital V, L.P. Buyout - Small 2023 50,0 ... 0,000 4,011,704 ... Bridgepoint E

P. Buyout - ... 395 Advent International ... PE V-B, L.P. Buyout - Mid 2012 3,374,23 ... ,583,5 ... 0 77,1 ... Advent International GPE V-D, L.P. Buyout - Mid 2005 3 ... -A, L.P ... Buyout - ... 00 ... 8,800, ... 00 3,1 ... 39 Advent International GPE VIII-B, L.P. Buyout ... 201 ... Partners VIII, L.P. Buyout - ... 201 ... 50, ... 50,98 ... 2018 ... 5 Archer Capital Fund ... , L.P. Buyout - Mid 2012 2,565,1 ... 2,3 ... Fund, L.P. ( ... 202 ... 000 4 ... Opportunities Fund III, L ... 201 ... 0 3

The Total Real Assets Benchmark generated a 2.7% gross return during the quarter. ▪ Across the private real asset benchmarks,…

The Board is ... conducting as much of its business as possible in public ... . 4. Under the Brown Act, closed sessions may be held only if expressly authorized by statute. Closed sessions allowed under the Brown Act that are applicable to SDCERS are as follows: a. Personnel Exception: A closed session may be held regarding the appointment, employment, evaluation of performance, disability retirement, discipline, release, or dismissal of a public employee; b. Litigation Exception: A closed…

request of: ... StepStone Atlantic Fund was formed by StepStone Group (“StepStone”) with San Diego City Employees’ Retirement System (“SDCERS” or the “System”) to construct a private equity and infrastructure Investment Program (“Program”), that includes primary fund commitments, co-investments, and secondary transactions with the goal of maximizing long-term, risk-adjusted returns. ... Summary of investment plan – infrastructure ... FY 2024 program update – infrastructure

December 31, 2024 Quarterly Report ... in ... returns, as ... as accelerate ... deployment to meet ... DCERS’ private equity ... targets. GCM Grosvenor has also actively targeted strategies that lessened the “J-curve” effect of private equity investing. A summary of the Fund since inception as of December 31, 2024 is as follows: ▪ The Fund has committed $1.4 billion to 154 fund investments and 103 co-investments 1. ▪ The Fund has contributed a total of $1.2 billion to investments,…

,734,844 Neoma Global Growth Markets Strategic Fund Growth Equity 2015 45,000,000 37,253,359 25,145,271 New Enterprise Associates 10, L.P. Venture Capital 2001 8,010,784 8,010,784 525,162 New Enterprise Associates 11, L.P. Venture Capital 2004 8,00 ... ,00 ... 9,85 ... ,000 1,001,375 New Enterprise Associates 13, L.P. Venture Capital 2009 7,000,000 7,000,000 2,528,688 New Enterprise Associates 14, L.P. Venture Capital 2012 25,000,000 24,125,000 55,298,685 New Enterprise Associates 15, L.P.

Fair values of real estate investments are estimated by fund managers based on property appraisal reports both internally and externally.

Since 3/31/2022, NCRS has made ... totaling $1.5B ... Real Estate Allocation As of 5/16/2023, Real Estate was 7.79% of the Total Plan NCRS data as of 3/31/2023 ... Performance: Total Real Estate vs. REITs as of 3/31/2023 NCRS data through 3/31/2023 ... markets of North ... FTSE EPRA ... NCRS data through 3/31/2023 * The Core Real Estate Benchmark is comprised of 80% NCREIF ODCE Net and 20% FTSE EPRA NAREIT Global Index. ... Core Contribution to Return ... 3 Year Contribution Private Core RE 5.5

Presentation from Townsend regarding the Second Quarter 2023 Real Estate Performance and Portfolio Review dated November 2023. 7

NCRS has made commitments totaling ~$587 million. NCRS data through 3/31/2024 Negative short-term returns of private portfolio partially…

Fourth Quarter Report 2024 ... Portfolio Update ... Program Inception 2003 HL Relationship Inception 2007 Client Mandate Real Estate/Natural Resources Plan Size $17,660,113,311 Target Allocation RE: 8.0% / NR: 5.0% Current Allocation RE: 9.3% / NR: 8.1% PME Benchmark NCREIF Property Index/ CPI-U + 4% Client Reporting Currency USD ... | In $ millions | 4Q23 | 4Q24 | Change | | --- | --- | --- | --- | | Active Investments | 80 | 86 | 6 | | Exited Investments | 13 | 13 | - | | Active GPs | 32

Inception-to-date IRR for Real Estate is 8.0% as of 6/30/2023. The Inception-to-Date IRR for Private Equity is 16.6% as of 6/30/2023. *Denotes a…

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0 $2 ... 3 NGP ... Oregon Public Employees Retirement Fund ... Real Assets Portfolio As of June 30, 2023 ($ in millions) ... Oregon Public Employees Retirement Fund ... Real Assets Portfolio As of June 30, 2023 ($ in millions) ... 2021 NGP Royalty Partners Co-Investment Side Car $50.0 $29.5 $25.9 $25.9 1.76x n.m. n.m. 2020 NGP Royalty Partners $150.0 $145.7 $109.0 $124.1 1.60x n.m. n.m. 2022 NGP Royalty Partners Fund II $150.0 $26.4 $0.0 $25.1 0.95x n.m. n.m. 2022 NGP Royalty…

DATE: May 17, 2023 TO: Members of the Board of Retirement FROM: Tracy Bowman, Director of Finance SUBJECT: FIRST QUARTER UNAUDITED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2023 Written Report Background/Discussion The attached financial statements reflect the unaudited financial activity for the three months ended March 31, 2023. These statements are unaudited and are not the official financial statements of OCERS. The following statements represent a review of the progress to d

Ms. Murphy reported that the OCERS portfolio is up 11.3% year to date as of the end of the second week of November, well above the 7%…

Section: ... 87 ... Investment Portfolio Summary ... 96 ... Investment Portfolios ... Manager ... 97 ... Investment Portfolio Allocation ... 103 Comparative Investment Returns: Public Equity ... 104 Private Equity ... 104 Absolute Return ... 105 Real Asset ... 105 Table of Contents ... We are pleased to submit the Annual Comprehensive Financial Report for the Maryland State Retirement and Pension System for the fiscal year ended June 30, 2023. We believe this report fairly presents the…

INVESTMENTS A. CHIEF INVESTMENT OFFICER VERBAL REPORT – Rod June, Chief Investment Officer, reported on the portfolio value of $24.94 billion as of June 9, 2025; and Volatility Index at 17.1. Rod June discussed the following items: • GLOBAL ISSUES: a. Valuations for exposures to China stood at $319 million and Israel at $166 million, an increase by approximately 10% and 16% respectively over the past 30 days. b. Ukraine has decreased to $7.3 million, approximately 15% decline over the same…

57 Fund Performance vs. Benchmarks and Fair Values ... 57 Performance Summary ... 59 Portfolio Securities Summary ... 60 Securities Holdings (Historical) ... 66 Real ... 70 Absolute Return ... 71 Real Estate ... 73 Securities Lending ... The TRS investment portfolio returned 18.1 percent, gross of fees, for the fiscal year ended June 30, 2014. Total investment assets increased approximately $5.8 billion during the year. The TRS trust fund is invested under the authority of the Illinois Pension C

Investments Investments are made under the authority of the prudent expert rule, which ... that fiduciaries must discharge their duties with the care, skill, prudence, and diligence that a prudent person acting in a like capacity and familiar with such matters would use under conditions prevailing at the time ... to invest in different types of asset classes seeking to increase return while lowering risk through diversification. The System retains professional investment firms who serve as…

Net new investments coupled with positive investment returns resulted in net appreciation of $291.7 million for the equity real…

On behalf of our Board and staff, I am pleased to present you with this Popular Annual Financial Report (PAFR) of the New York State Teachers’ Retirement System (NYSTRS) for the fiscal year ended June 30, 2020. This document summarizes the System’s financial position for the 2020 fiscal year. For additional details, see our Comprehensive Annual Financial Report (CAFR) at NYSTRS.org. The System is governed by a 10-member Board of Trustees, representing various stakeholders. Trustees are…

| | | Total Predicted Risk by Asset Class | | | | Total Predicted Risk and Peer Comparison | ... | Portfolio Name | | Market Value (Millions $) | %CR to Total Weight (%) Risk | Total Plan Risk | Cont. | Total Predicted Risk | ... | Total Portfolio | | $ 137,787 | 100% 100% | 14.04 | | 14.04 | ... | | Domestic Equity International Equity Private Equity Real Estate Equity Global Equity Private Debt Real Estate Debt High Yield Bonds Global Bonds Cash Equivalents Domestic Fixed Income | $ 45,881 21

REPORTS ... B. Fiscal Year Ending 2025 Audit Plan Status Report ... If the Roadmap is approved, the initiatives will be more thoroughly developed and planned out over the three years, and this year’s actions will be incorporated into Internal Audit’s Annual Audit Plan. We will provide quarterly updates in our Audit Plan Status Update presentation. ... Request for Proposal - Financial ... Internal Audit recommends ... proposed minimum qualifications ... and search criteria for a Financial…

Investment Review – Estimated CYTD Returns 4 ... Estimated CYTD Performance: Absolute Performance Remains Negative Though Diversification Has Helped Mitigate Downside ... Through December 31, 2022. CYTD returns include estimates for the month of December, based on prior month ‐end values that have been audited and adjusted by SFERS' Custody Bank since the last report. For non ‐daily priced public fund vehicles, returns may include estimates or be proxied using benchmarks. For private equity,…

VRS manages more than $117.91 billion in defined benefit plan. Private Real Estate Benchmark (25%), Custom Benchmark (8%)

2 and ... 3, resulting ... property tax roll growth of 20% and ... 5%, respectively, for ... combined increase of ... Florida Real Estate Market ...  In Spring 2020, sales of existing homes outpaced new listings, driving inventory from a healthy 3-5 months of sales volume to just about one month by March 2021 and remaining there until Spring 2022 ...  Consequently, Median sales prices for existing homes accelerated sharply, causing the average price to soar by 53% from $275,000 in May 2020

Surplus Funds Trust Fund (Trust Fund or Fund) is a pooled investment fund created in 1977 by Section 218.405, Florida Statutes, and administered by the State Board of Administration (SBA). F.S. § 218.403(9). Chapter 218, Florida Statutes, (§ 218.01 through § 218.80) governs “Financial Matter Pertaining to Political Subdivision.” The establishment and administration of the Fund is provided for by Part IV of Chapter 218, Florida Statutes, titled “Investment of Local Government Surplus Funds.”…

The SBA manages assets of more than 25 investment mandates and trusts. Real Estate Strategic Investments $ 87.1B $ 31.8B $ 20.3B $ 20.1B Private Equity $ 18.4B

Mr. Trotsky discussed the December 2023 PRIT Fund performance in more detail, referencing the following performance charts: ... Total PRIT Fund Returns Annualized Returns as of December 31, 2023 (Gross of Fees) Source: BNY Mellon. Total Core Benchmark includes private equity benchmark. PRIT Asset Class Performance Summary One Year ended December 31, 2023 (Gross of Fees) Source: BNY Mellon. Totals may not add due to rounding. *Benchmark is actual performance. ... PRIT Fund Annualized…

During Fiscal Year. 2025, the Division closed on $1.1 billion to four Real Estate fund investments. The Real Estate portfolio is…

We believe the current Annual. Comprehensive Financial Report for December 31,. 2024 continues to meet the Certificate of Achievement. Program's

REAL ESTATE/REAL ASSETS The NCREIF Property Index rose 0.6% dur ing 3Q22. The NCREIF Open-End Diversified Core Equity Index rose 0.5%. The FTSE EPRA Nareit Developed Asia Index (USD) fell 9.4%. The FTSE EPRA Nareit Developed Europe Index (USD) plunged 21.7%. ... 5 S& ... 00 - ... 15.5 9.2 11.7 7.4 Russell 2000 -2.2 -23.5 3.6 8.6 6.7 Global ex-U.S. Equity MSCI EAFE -9.4 -25.1 -0.8 3.7 3.5 MSCI ACWI ex USA -9.9 -25.2 -0.8 3.0 --MSCI Emerging Markets -11.6 -28.1 -1.8 1.0 --MSCI ACWI ex USA Small…