Milwaukee ERS Approves $300M in Private Equity Commitments

The Employees’ Retirement System of the City of Milwaukee approved proposed 2025 private equity commitments totalling $300M at its September 24 board meeting.

The $300M is to be spread across four different funds including a $100M allocation to NB VI, a private equity middle market buyout fund strategy managed by the Neuberger Berman Group. $120M was allocated to Mesirow Fund IX, a PE fund of funds managed by Mesirow Financial. Lastly, $40M was allocated to both Apogem Capital Private Equity Fund XI and Abbott Annual Program 2025.

Callan recommended the 2025 private equity commitments.

According to Dakota data, the Milwaukee ERS is valued at $6B in managed assets.

For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace!