Plan Assets – $10,357,000,000 General Consultant – Meketa: Stephen McCourt Metro Area – Denver
Fixed Income Allocation
The investment team internally approved an investment in Brandywine, which will diversify the existing Core Plus portfolio. The expected investment amount is $125 million to $175 million.
WRS approved an increase of $220 million to the SSGA US Government Bond Index Strategy
Private Markets Portfolio
Continue to use Fund of One’s to implement Private Equity and Real Assets, while sourcing Private Debt internally
Historically, WRS planned $70 million per year to Private Debt. Pacing was increased to $300 million in 2020 due to no commitments made in 2019. Pacing was at $130 million for 2021 with no additional commitments in 2021. WRS is planning to return to the pacing level of $70 million in 2022.
WRS approved a $15 million re-up with Clearlake Capital for WRS Opportunities Fund III, the fund-of-one program with Abbott Capital.
WRS invested $50 million in the Sprott Physical Uranium Trust (SPUT) on October 18.
Employees Retirement System of Milwaukee County
Seattle City Employees’ Retirement System
Arizona Public Safety Personnel Retirement System
Orange County Employees Retirement System
Los Angeles County Employees’ Retirement Association
925 West Lancaster Ave Suite 220 Bryn Mawr, PA 19010 Tel: (610) 642-1481