Colorado PERA Approves Increase in Alts Allocations

The Colorado Public Employees’ Retirement Association (Colorado PERA) has approved an aggregate 585-basis-point increase in its target allocation to alternatives.

The Denver-based pension said in a September 26 news release that it increased allocation targets for both private equity and real estate by 150 basis points (bps) to 10% each. The target for real assets was increased 135 bps to a target of 3% and, lastly, the private debt exposure target was increased by 300 bps to make the target 3%.

On the flip side, the Colorado PERA reduced its policy target for global equity 300 bps to 51%, the target hedge fund exposure by 165 bps to 0%, and the target of opportunistic exposures by 270 bps to 0%.

The fixed income portfolio target remained unchanged at 23%. Aon assisted with the recommendations.

Per Dakota data, Colorado PERA oversees approximately $65B in assets.

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